Home / Markets / News / Analysts see up to 27% upside in HDFC Bank's stk price post Q2; here's why

Analysts see up to 27% upside in HDFC Bank's stk price post Q2; here's why

The country's largest private lender clocked an 18.4 per cent year-on-year (YoY) growth in its net profit on substantial growth in interest earnings and other income

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The net interest income (NII), too, came in-line with Street expectation, up 16.7 per cent YoY to Rs 15,774.4 crore

6 min read Last Updated : Oct 19 2020 | 11:47 AM IST

HDFC Bank shares advanced 2.5 per cent to Rs 1,229 apiece on the BSE on Monday after the bank reported healthy September quarter (Q2FY21) results on Saturday, October 17. The country's largest private lender clocked an 18.4 per cent year-on-year (YoY) growth in its net profit on substantial growth in interest earnings and other income.

The lender's net profit stood at Rs 7,513.1 crore during the quarter under review compared to a net profit of Rs 6,344.9 crore in the quarter ended September 2019 (Q2FY20). Sequentially, it had posted a net profit of Rs 6,658.6 crore in first quarter ended

Topics : Buzzing stocks HDFC Bank Markets

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