Q4 results today: HDFC Bank among 8 companies to announce earnings
Q4 results today: HDFC Bank to release Q4 numbers today with expectations of strong growth. TCS exceeded estimates, Infosys faced challenges in Q4.
Tag: hdfc
HDFC Bank Q4 Results: Profit jumps 37% YoY to Rs 16,512 crore, NII up 24.5%
HDFC Bank Q4 Results: HDFC Bank\’s profit rose 37.1% YoY to Rs 16,512 crore, with NII growing by 24.5% to Rs 29,077 crore. The bank declared a dividend of Rs 19.5 per share for FY24 and reported an improved GNPA at 1.24%.
HDFC Bank Q4 profit grows 37% but falls short of estimate
HDFC Bank\’s Q4 net profit reached ₹16,510 crore, full-year at ₹60,810 crore, up 38%. Challenges post-merger affect expenses, asset quality, and loan mix strategy. Deposit mobilization efforts continue amid slow credit disbursements.
Banking & financials lift Sensex 599 points higher despite IT selloff
The broader NSE Nifty climbed 151 points or 0.69% to finish at 22,147. Among the Sensex constituents, Bajaj Finance, M&M, HDFC Bank, JSW Steel, and Maruti emerged as the top gainers, registering gains of 2-3%. Infosys, HCL Tech, and TCS closed 0.6% to 1.2% lower, resulting in a 0.4% decline in the IT index.
HDFC AMC Q4 Results: Cons PAT jumps 44% YoY to Rs 541 crore; co declares Rs 70 dividend
Sequentially PAT jumped 11% over Rs 487.92 crore posted in Q3FY24. Meanwhile, the revenue jumped 3.60% on a quarter-on-quarter basis.
HDFC Life shares fall 4% post Q4 results. Should you buy, sell or hold?
HDFC Life Share Price: HDFC Life stock fell 4% to Rs 581 after March results even after reporting 14% net profit growth to Rs 412 crore. Achieved 11% APE growth for FY24, individual APE growth at 1%.
Gurmeet Chadha explains why his biggest largecap holdings are counter-cyclical in nature
Gurmeet Chadha discusses stock picks, including ITC, HDFC Bank, and HCL Tech. Favors Ganesha Ecosphere, Tata Consumer, and Sandhar Technology. He id bullish on Bharti Airtel, while remaining cautious on Vodafone FPO\’s equity dilution. Chadha also says that \”In midcaps, we have added some capital market participants on corrections, including CAMS, CDSL, and market infrastructure services players.\”
Iran-Israel war: Wait & watch now, will buy more aggressively when Nifty nears 21K, says Sandip Sabharwal
Sandip Sabharwal advises caution in volatile markets due to Middle East tensions and evolving global trends. Market dips should be carefully assessed for investment opportunities. \”The first level where I would like to start buying more aggressively will be more near 21,000 of the Nifty and if by chance it falls further to between 20,000 and 20,500, then I would like to be fully deployed at that stage.\”
HDFC Life Q4 net profit up 15% on strong renewals
During the same quarter, in the previous year, the company had reported a profit of ₹358 crore. The insurer generated 18% growth in back-book surplus during the year.
HDFC Bank Q4 Result Preview: Profit seen rising over 50% YoY; asset quality stable
HDFC Bank Q4 Result Preview: HDFC Bank likely to post strong YoY net profit growth for March 2024 quarter, supported by treasury income gains. Earnings release is expected to reveal increased net interest income, deposit mobilization focus, and stable asset quality.
Nifty Bank holds 47K; traders can deploy ‘sell on rise’ strategy: Analysts
Federal Bank, PNB, AU Small Finance Bank, and Bank of Baroda witnessed buying while selling pressure was seen in SBI, HDFC Bank, ICICI Bank, IndusInd Bank, and Axis Bank.
Banking blues, investor jitters drag Sensex down for fourth day straight
Indian benchmark indices closed lower as banking stocks declined, with Sensex falling 455 points and Nifty dropping by 152 points. Top laggards included Nestle India, Titan, Axis Bank, NTPC, Tata Motors, and ITC.