Business Standard

HDFC Bank hits new record high; here's how analysts interpret Q3 results

Asset quality remained healthy with gross non-performing assets falling 27 bps sequentially to 0.81 per cent in Q3FY21

hdfc bank.png
Premium

Steady growth in business along with steady asset quality on proforma basis bodes well for the bank, ICICI Securities said

Deepak KorgaonkarNikita Vashisht Mumbai / New Delhi
Shares of HDFC Bank hit a new high of Rs 1,503, surging 2.5 per cent in the intra-day trade on the BSE on Monday, after the private sector reported steady performance for the October-December quarter (Q3FY21) with net profit increasing by 18 per cent year on year (YoY) to Rs 8,758 crore, driven by robust growth in net interest income and other income.

The stock settled 1.15 per cent higher on the BSE, at Rs 1,483 apiece, and was among the only four gainers on the Sensex today. The counter saw huge trading volumes with a combined 22.21 million

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in