Should you lap up HDFC Bank shares after solid Q1 earnings show?
HDFC Bank reported a 30% year-on-year (YoY) growth in net profit for the quarter ended June to Rs 11,952 crore, which was higher than an ET NOW poll estimate of Rs 11,000 crore. The total income for the quarter increased by 39% YoY to Rs 57,817 crore. This is the first earnings of the bank following the merger with parent Housing Development Finance Corporation (HDFC).
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