HDFC Bank Share 2% Gira, Q2 Results Ke Baad Margin Pressure Ki Chinta

HDFC Bank ka stock 2% gir gaya, Q2 results ke baad top Nifty losers mein shaamil ho gaya; brokerages ne margin pressure flag kiya

HDFC Bank ke shares Monday ko 2 percent girkar Rs 714 par aa gaye, aur Q2 results ke baad top Nifty losers mein se ek ban gaye. Margin pressure aur modest earnings growth ke bawajood, brokerages ne bullish ratings maintain rakhi.

Monday, 19 October ko early trade mein HDFC Bank ke shares 2 percent gir gaye, aur private sector lender ke weekend par FY27 ke second-quarter results report karne ke baad yeh Nifty 50 ke top losers mein se ek ban gaya. Net interest margins par pressure aur modest earnings growth ko लेकर concerns ne sentiment par asar dala, even though kai major brokerages ne stock par bullish recommendations maintain ki.

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HDFC Bank ka stock morning trade mein Rs 714 tak gir gaya, jisse uski year-to-date decline 27.9 percent ho gayi, jabki Nifty 50 mein 11.5 percent ki girawat aayi. Bank ka market capitalisation lagbhag Rs 11.02 lakh crore tha.

Yeh decline banking stocks mein broader weakness ke beech aaya, jahan Bank Nifty 0.5 percent slip kar gaya. 9:25 am par Sensex 100.65 points, ya 0.13 percent, girkar 74,628.62 par tha, jabki Nifty 50 26.70 points, ya 0.12 percent, girkar 23,119.45 par aa gaya.

HDFC Bank ke Q2 results broadly estimates ke mutabik rahe.

Bank ne September quarter ke liye standalone net profit mein saal-on-saal 4.7 percent ki growth report ki, jo Rs 19,510 crore raha, aur yeh market expectations ke kaafi kareeb tha. Net interest income (NII) 9.7 percent badhkar Rs 34,619 crore ho gaya. Bank ka gross non-performing asset ratio pichhle quarter ke 1.17 percent se sudharkar 1.11 percent ho gaya, jabki gross advances mein saal-on-saal 16.3 percent ki growth hui. Halaanki, provisions quarter-on-quarter 18.7 percent badhkar Rs 3,574 crore ho gaye.

Concerns ke bawajood brokerages abhi bhi bullish hain

Results ke baad bhi kai brokerages ne positive recommendations maintain ki, haan JPMorgan aur Citi ne apne target prices kam kar diye.

JPMorgan ne apni ‘Overweight’ rating maintain rakhi, lekin target Rs 990 se घटाकर Rs 970 kar diya, margin pressure aur balance-sheet flexibility kam hone ka reason dete hue. Citi ne apni ‘Buy’ rating retain ki, par target Rs 970 se ghata kar Rs 880 kar diya, margin compression aur growth constraints ko flag karte hue.

Bernstein ne apni ‘Outperform’ rating ko Rs 1,150 ke target price ke saath maintain kiya, jo Friday ke close Rs 728.85 se lagbhag 58 percent upside dikhata hai. Halaanki, usne caution diya ki weak earnings growth abhi bhi jaari hai, aur return on assets 1.8 percent tak moderate ho gaya hai.

Jefferies, Nomura aur Goldman Sachs ne bhi ‘Buy’ ratings maintain ki hain, jinke target prices respectively Rs 880, Rs 940 aur Rs 861 hain. Unki assessments mein resilient asset quality aur improving operating performance ko highlight kiya gaya, saath hi near-term margin aur liquidity pressures ko bhi acknowledge kiya gaya.

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