HDFC Bank shares tumble over 3% after Q1 earnings fail to enthuse investors
HDFC Bank s consolidated net profit for the June quarter increased 14 percent to Rs 7,922 crore, but the largest private sector lender reported reverses because of the second wave of the pandemic which compressed its growth.
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Shares of HDFC Bank dipped over 3 percent on Monday as the company s June quarter earnings failed to enthuse investors.
The stock went lower by 3 percent to Rs 1,475 on the BSE.
At the NSE, it dipped 3.17 percent to Rs 1,474.
HDFC Bank s consolidated net profit for the June quarter increased 14 percent to Rs 7,922 crore, but the largest private sector lender reported reverses because of the second wave of the pandemic which compressed its growth.
HDFC Bank shares tumble over 3% after Q1 earnings
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