Global Markets
Home›Global Markets›India›HDFC Bank shares rise ahead of Q1 results, brokerages…
HDFC Bank shares rise ahead of Q1 results, brokerages expect mixed outlook
The bank’s stock climbed to ₹819.80 on the BSE before the July 18 earnings release, while analysts forecast NII growth but mostly flat to slightly moderating net interest margins.
HDFC Bank shares rose more than 1% on Friday ahead of the lender’s June quarter earnings announcement, Reuters reported. The stock gained as much as 1.2% to an intraday high of ₹819.80 on the BSE, with the results scheduled for Saturday, July 18.
Brokerage expectations pointed to a mixed quarter, with net interest margins likely to stay broadly flat or show modest sequential moderation. Motilal Oswal Financial Services said NII could increase 8.5% year on year to ₹34,100 crore, while net profit may rise 5.9% year on year to ₹19,230 crore.
Analysts also expected healthy double-digit loan growth to support performance, alongside stable asset quality across segments. Motilal Oswal projected loan growth of 14.5% year on year and 2.4% quarter on quarter, with credit costs likely in the 45 to 50 basis point range.
Other brokerages offered similar earnings direction but different line items. Systematix Research forecast NII at ₹34,335 crore and net profit at ₹19,796 crore, while Axis Direct projected NII of ₹34,154 crore and net profit of ₹19,484 crore. Over the past month, the stock has gained about 4%, but it has fallen 12% over six months and 17% over one year, according to the story.