Shares of HDFC Bank rose by 3% to Rs 1,734 on the BSE on Monday, following the bank’s solid Q2 performance, which featured a 5.3% year-on-year (YoY) growth in profit after tax, surpassing market expectations.
Additionally, HDFC Bank’s board approved the launch of an IPO for its NBFC subsidiary, HDB Financial Services, aiming to raise Rs 12,500 crore (including an offer for sale of Rs 10,000 crore) to comply with regulatory guidelines, which is expected to unlock value for shareholders.
Price as on 09.56.37 AM, Click on company names for their live prices.
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