HDFC Bank Shines Amid Steady Quarterly Performance
HDFC Bank's shares rose over 2% following the release of stable quarterly financial results, boosting its market valuation by Rs 32,818.68 crore. The stock's performance contributed to a rise in equity markets, with the BSE Sensex jumping 442.61 points and NSE Nifty climbing 122.30 points.
- Country:
- India
On Monday, HDFC Bank's shares surged by more than 2%, fueled by its latest quarterly results, which were positively received by investors. The bank's market valuation increased by Rs 32,818.68 crore, significantly impacting the stock market's performance.
The BSE witnessed a notable advancement in HDFC Bank's share price, reaching Rs 2,000.20, while the NSE saw a similar uptick to Rs 2,001.50 per share. This boost helped the equity markets rise, with the BSE Sensex jumping 442.61 points and the NSE Nifty up by 122.30 points.
Despite the positive market response, HDFC Bank's consolidated net profit showed a minor decline of 1.31% for the June 2025 quarter. However, its standalone net profit increased by 12% year-on-year. Analysts attributed the growth to strategic management and a 1:1 bonus issue that kept investor confidence strong.
(With inputs from agencies.)
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