Recommendation: Reduce; Target price: Rs 930
The Q2 results revealed a 9.2% decrease in revenue and a significant 49.35% decline in profit YoY
Recommendation: Add; Target Price: Rs 220
The dollar index, a gauge of the dollar's performance against a basket of currencies, was mostly unchanged at 105.80.
In the most recent quarter, revenue from operations climbed by roughly 4% to Rs 3,277 crore.
The topline and bottom line were the highest-ever numbers reported by the company quarterly.
FIIs continue to below on pvt Banks but there is still a very striking concentration in HDFCB.
The country's largest insurer teamed with two new banks in the April-June FY24 quarter.
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