Analysis of HDFC Bank Q3 Results shows that it is good and market will welcome it with a gap up for bank nifty. You should enter longs with full throttle if 41600 level is sustained in it. Let us have a look at HDFC bank results as sted below:
HDFC Bank Net profit rises 18.50 % YoY to Rs. 12,259.50 crore.
Net Interest Income jumps 24.60% to Rs. 22,987.9 crore against Rs.18,443.50 crore.
Provisions down 6.26% to Rs.2,806.4 crore against Rs.2,994 crore in the year ago period.
HDFC Bank Q3 Result:
- NII growth best in seven years
- Net Interest Margin best in 10 quarters
- Provisions at a 13-quarter low
- Asset Quality Stable
India's largest private lender had surpassed expectations in the December quarter.
HDFC Bank Net profit rises 18.50 % YoY to Rs. 12,259.50 crore.
Net Interest Income jumps 24.60% to Rs. 22,987.9 crore against Rs.18,443.50 crore.
Provisions down 6.26% to Rs.2,806.4 crore against Rs.2,994 crore in the year ago period.
HDFC Bank Q3 Result:
- NII growth best in seven years
- Net Interest Margin best in 10 quarters
- Provisions at a 13-quarter low
- Asset Quality Stable
India's largest private lender had surpassed expectations in the December quarter.
So, we opine that market will open gap up and may not sustain due to profit booking and ideal will to observe market for 1-2 hours and then take a trade as it will let market absorb the effect of HDFC bank result.
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