HDFC Bank posted a 12% YoY profit rise in Q1 to ₹18,155 crore and announced a 1:1 bonus issue and ₹5 dividend, driving shares up 2%. However, net interest margin slipped to 3.9% and financing profit turned negative. Analysts flagged resistance at ₹2,025 and support at ₹1,940-₹1,880. While long-term prospects remain bullish, short-term action is likely to be range-bound.
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12:22 pm on
21 Jul