HDFC Bank posts steady Q2 show; Goldman Sachs sees potential upside of 28%

Shares of the country's starring private-sector lender- HDFC Bank are successful absorption successful Monday's league (October 21) aft its Q2FY25 show was reported connected Saturday. As per Zee Business Research inputs, the backstage slope mostly posted dependable results with standalone nett net for the July-September 4th expanding 5.3 per cent on-year to Rs 16,821 crore. For the reappraisal period, Zee Business analysts expected nett to travel successful astatine Rs 16,292 crore.

The lender said its nett net grew 17 per cent implicit the year-ago play erstwhile adjusted for trading and mark-to-market (MTM) gains arsenic good arsenic taxation credits.

The nett involvement income (NII)- the quality betwixt the involvement paid and involvement earned besides edged higher by 10 per cent on-year to Rs 30,113 crore. 

Meanwhile, the cardinal profitability metric- nett involvement borderline (NIM), however, took a marginal deed and stood astatine 3.46 per cent versus 3.47 per cent successful the year-ago period. 

Here's however planetary brokerages presumption HDFC Bank aft its Q2FY25 show

Goldman Sachs remained affirmative connected the outlook of the banal and maintained a 'buy' telephone with a raised people of Rs 2,150 from the earlier Rs 1,961 per share, implying gains of astir 28 per cent from the erstwhile close.