The private lender reported a 4.7% year-on-year increase in profit after tax to ₹19,510 crore for the second quarter, supported by a 9.7% rise in net interest income. Balance-sheet metrics showed solid credit discipline as gross non-performing assets dropped to 1.11%. However, net interest margins slipped sequentially to 3.16%, and quarterly provisions rose significantly by 18.7% to ₹3,574 crore. Brokerages like Bernstein and JPMorgan maintained positive ratings with targets up to ₹1,150 despite these profitability constraints.
Key points
Margin compression remains an ongoing concern as net interest margin on total assets cont…: Margin compression remains an ongoing concern as net interest margin on total assets contracted to 3.16%.
Despite recent gains, the lender continues to trade down 27% over the past twelve months.: Despite recent gains, the lender continues to trade down 27% over the past twelve months.
Major brokerages maintained constructive stances, with target prices reaching as high as…: Major brokerages maintained constructive stances, with target prices reaching as high as ₹1,150 per share.
Sources checked by our analysis pipeline: 1
HDFC Bank share price: HDFC Bank share price rose sharply on Tuesday, November 3, gaining 3.2% to emerge among the top gainers on the Nifty 50. The stock opened at ₹708 and touched an intraday high of ₹722, as investors responded to the private sector lender's September-quarter performance and brokerage commentary.
Moreover, an over 1% rise in broader market indices Sensex and Nifty also aided the positive sentiment. Trading activity also picked up, with volumes reaching 146.96 lakh shares worth ₹1,051.91 crore by mid-session, compared with ₹718.40 crore on Monday.
The stock remained significantly below its 52-week high of ₹1,017.90, recorded in December 2025. It had touched a 52-week low of ₹668.90 on October 28, 2026. Despite Tuesday's gains, HDFC Bank shares remained under pressure, having fallen around 4.5% in three months, 7% in six months and 27% over the past year.
HDFC Bank Q2 results: Profit rises 4.7%, asset quality improves
HDFC Bank reported a 4.7% year-on-year (YoY) increase in profit after tax (PAT) to ₹19,510 crore in Q2FY27, including treasury trading gains. Excluding these gains, net profit grew…
Investors are watching a notable upward movement in the company's valuation during today's trading session. Market observers have not yet identified the specific corporate developments or broader sector dynamics fueling this rapid share price appreciation. Stakeholders are awaiting further details to understand the long-term impact on the workspace provider's performance.
Concurrent military conflicts in the Middle East and Eastern Europe have crippled critical maritime corridors, driving Brent crude prices toward record territory. European governments face severe public backlash as rising inflation collides with elevated borrowing costs, leaving policymakers with little fiscal room to protect consumers. The resulting squeeze threatens mandatory fuel rationing and heightened financial instability across global sovereign bond markets.
Market participants are closely watching Associated British Foods as shares experience a downward trend during the current trading session. Investors are currently awaiting clarity on the fundamental drivers behind the price drop. Detailed drivers and comprehensive financial context remain limited in the immediate reporting.