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HDFC Bank share hits all-time high on strong Q3 earnings
HDFC Bank share rose 2.52% to Rs 1,503 against previous close of Rs 1,466 on BSE. The large cap share has gained after 3 days of consecutive fall
BusinessToday.In | January 18, 2021 | Updated 12:58 IST
HDFC Bank stock is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages.
HDFC Bank share hit a record high in trade today after the private sector lender reported a 18.1% increase in net profit for the quarter ended December 31, 2020. HDFC Bank share rose 2.52% to Rs 1,503 against previous close of Rs 1,466 on BSE. The large cap share has gained after 3 days of consecutive fall.
HDFC Bank Q3 Earnings: Net profit jumped to 18 per cent in October-December quarter HDFC Bank Q3 FY21 Results: HDFC Bank, the country s largest private lender, reported a net profit of Rs 8758.3 crore on Saturday, January 16, marking an 18.1 rise in the October-December quarter. The bank s total income increased to Rs 37,522 crore on a standalone basis as compared to Rs 36,039 crore in the year-ago period. The growth in the third quarter was mostly led by non-interest income as well as pre-provision operating profit with improved asset quality performance.
The asset quality of the bank improved during the October-December quarter as the gross non-performing assets (NPA) ratio stood at 0.81 per cent of the total assets as against 1.42 per cent in the year-ago period and 1.08 per cent at the end of the preceding September quarter, according to HDFC bank. (