HDFC Bank nears record high ahead of Q4 earnings
HDFC Bank is expected to report 30% year-on-year growth in its net profit on back of 23% jump in net interest income .
HDFC Bank is trading higher by 4% to Rs 701 on NSE ahead of its Q4 (January-March) results due on tomorrow, April 23. The stock is currently trading near to its lifetime high market price of Rs 705 touched in November last year.
The stock opened at Rs 674 and has seen a combined 3.98 million shares changing hands on the counter till 1406 hours on NSE and BSE.
HDFC Bank, the second largest private sector bank, is expected to report 30% year-on-year growth in its net profit on back of 23% jump in net interest income (NII), says analyst at Angel Broking.
Meanwhile, the two private sector banks, Yes Bank and IndusInd Bank, so far declared their quarterly results, have seen margin improvements during the recently concluded quarter.
The stock opened at Rs 674 and has seen a combined 3.98 million shares changing hands on the counter till 1406 hours on NSE and BSE.
HDFC Bank, the second largest private sector bank, is expected to report 30% year-on-year growth in its net profit on back of 23% jump in net interest income (NII), says analyst at Angel Broking.
Meanwhile, the two private sector banks, Yes Bank and IndusInd Bank, so far declared their quarterly results, have seen margin improvements during the recently concluded quarter.