HDFC Bank rises 6% in 4 days, hits 8-month high on strong Q2 results

In the past month, the stock has rallied 18 per cent, against 8 per cent gain in the S&P BSE Sensex

Shares of HDFC Bank were trading higher for the fourth straight day, up 1.5 per cent at Rs 1,241.75 on the BSE on Wednesday after the bank reported healthy September quarter (Q2FY21) results with net profit growing 18.4 per cent year-on-year (YoY) at Rs 7,513 crore on the back of substantial growth in interest earnings and other income.

The private sector lender's stock was trading at its highest level since February 14, 2020. In the past four trading days, HDFC Bank has outperformed the market by gaining 6 per cent, as compared to 3 per cent rise in the