HDFC Bank Shares Slip Post Q3 Results Despite Bullish Brokerage Calls
Business
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Moneycontrol•19-01-2026, 09:25
HDFC Bank Shares Slip Post Q3 Results Despite Bullish Brokerage Calls
- •HDFC Bank shares fell 0.48% to Rs 926.65 in early trade after its Q3 FY26 results were announced.
- •The bank reported an 11.5% YoY rise in standalone net profit to Rs 18,650 crore for the December quarter.
- •Net interest income grew 6.4%, and asset quality remained stable with gross NPAs at 1.24%.
- •Brokerages like CLSA, Bernstein, Jefferies, and Kotak Institutional Equities maintained positive ratings with target prices up to Rs 1,240.
- •Analysts noted margin improvement and consistent earnings but flagged moderating deposit growth as a key concern.
Why It Matters: HDFC Bank shares dipped despite strong Q3 results and positive brokerage outlook, mainly due to deposit growth concerns.
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