Monday, 22 October 2018

HDFC Bank stock gains on favorable Q2FY19 numbers

Shares of HDFC Bank are trading higher on the NSE after the bank announced Q2FY19 results on October 20. The bank's NII for Q2FY19 improved 20.6% yoy to Rs1,1763.5cr against Rs9,752cr in Q2FY19. The bank’s net profit was in-line with the consensus estimates due to better NII growth, which improved 20.6% to Rs5,005.7cr against Rs4,151cr yoy.


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