During Q3, HDFC Bank recorded a 4% growth in net interest income (NII) driven by a 4.9% sequential increase in gross advances
The equity issue is part of a board decision made in September last year to fund Rs 1,500 crore.
Recommendation: Buy; Target price: Rs 2550
On the sectoral front, Nifty PSU Bank stocks are trading with over 2% gains.
Recommendation: Add; Target price: Rs 140
Recommendation: Buy; Target price: ₹457
Recommendation: Add; Target price: Rs 149
The product is bioequivalent and therapeutically equivalent to Upjohn US's Lyrica pills.
Recommendation: Buy; Target price: Rs 1870
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