HDFC Bank share price rises 2% after Q2 results 2023: should you buy or hold the stock?

The biggest breaking news is here. After the Q2 results, the HDFC Bank share price has risen to 2%. In this article, we are going to tell you which stock you should buy or sell. Or which stock you should hold right on. Till now brokerage has remained positive on HDFC Bank stock even after the release of Q2 results. Recently, HDFC Bank has reported a rise of 50.6% in the standalone net profit at Rs. 15,976.11 crore for Q2FY24. This article is very important for all the traders. This article is going to exclusively disclose all the share prices of HDFC Bank today. So read this article very carefully till the end and do not miss anything.

HDFC Bank Q2

According to the source, the HDFC Bank share price rose to 2% in the early trade on the Bombay Stock Exchange (BSE) on 17 October 2023, Tuesday. This happened after the company officially declared the September quarter results. The HDFC Bank share price is currently open at Rs. 1,558 against the last which was close at Rs. 1,529 on the BSE. At around 9:20 am the stock was at Rs. 1,549.95 because it was at 1.34%. This has been recently shared via reports. Now scroll down to learn about the HDFC Bank Q2 results.

As per the reports, If we look at the HDFC Bank Q2 results. So the HDFC Bank has officially reported that there is a rise of 50.6% in the standalone net profit at Rs. 15,976.11 crores for Q2FY24 compared to Rs. 10,605.78 crores in the corresponding period previous year. There is a big difference in net interest income (NII) between the interest earned and interest expended of the largest private lender of India has grown up to 30.27% to Rs. 27,385.23 crore which is now compared to the last year period which was Rs. 21,021.16. The non-performing HDFC Bank gross assets are at 1.34% of the gross advances on 30th September 2023 which was against 1.41% on 30th June 2023.

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On 30th September 2023, the net performing assets were at around 0.35% of net advances. HDFC Bank has officially announced that the brokerages have remained completely positive. And it has retained its earlier views on it after the lender’s September 2023 quarter numbers. The Nirmal Bank Institutional Equities has been positive about the stock as it has maintained a buy call on HDFC Bank and it has raised the price from Rs. 1,935 to Rs, 1,994. And Motilal Oswal Finacial Services has maintained a good buy call on the stock which is targeting a price of Rs. 1,950.

Prakash Israni
Prakash Israni

Prakash, the content creator for Techballad, has built a solid reputation for himself over the course of more than ten years of blogging