HDFC Bank shares rise post Q2 results. To buy, sell or hold stock? - Hindustan Times

HDFC Bank shares rise post Q2 results. To buy, sell or hold stock?

By, New Delhi
Oct 17, 2023 12:03 PM IST

These were the HDFC Bank's first quarterly results since the July merger of HDFC Limited into the country's largest lender.

The share price of HDFC Bank rose about 2% in early trade on the Bombay Stock Exchange (BSE) on Tuesday, as per HT's sister website Mint. This comes a day after India's largest private sector bank announced its earnings for the September quarter, its first quarterly results post the July merger with HDFC Limited, the country's number 1 home loans company that merged with and into the lender.

The headquarters of India's HDFC Bank is pictured in Mumbai, India. (Reuters)
The headquarters of India's HDFC Bank is pictured in Mumbai, India. (Reuters)

HDFC's non-performing assets (NPAs) stood at 1.34% of gross advances as on September 30, as against 1.41% on June 30, the Mumbai-based bank's exchange filing shows.

Unlock exclusive access to the latest news on India's general elections, only on the HT App. Download Now! Download Now!

To buy, sell or hold stock in HDFC?

Most brokerage firm remain positive about HDFC Bank's stock, retaining their earlier views after the lender's September numbers.

Nirmal Bang Institutional Equities: The brokerage firm is positive regarding a long-term perspective as it finds high growth potential in the company on account of good capital position, revenue and cost synergies arising out of the HDFC merger, and the best -in-class asset quality. It, however, added that in the near term, there will be key monitorables such as successful merger transition, elevated operating costs (due to continued expansion) and margin trajectory.

Motilal Oswal Financial Services: “HDFC has made a good beginning, and given a huge pace of capacity building, we believe that there are levers in place to sustain this momentum in business growth. Margins are likely to recover gradually, which, along with improved operating leverage, should improve return ratios,” said Motilal Oswal.

(The views and opinions expressed here are of individual analysts and firms)

Tell us what your First Vote will stand for in a short video & get a chance to be featured on HT’s social media handles. Click here to know more!

Get Current Updates on India News, Elections 2024,, Election 2024 Date along with Latest News and Top Headlines from India and around the world.
Share this article

    Follow the latest breaking news and developments from India and around the world with Hindustan Times' newsdesk. From politics and policies to the economy and the environment, from local issues to national events and global affairs, we've got you covered.

Story Saved
Live Score
Saved Articles
My Reads
Sign out
New Delhi 0C
Saturday, May 18, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On