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Business News/ Opinion / Online-views/  HDFC Bank shares up after Q3 net beats forecasts
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HDFC Bank shares up after Q3 net beats forecasts

HDFC Bank shares up after Q3 net beats forecasts

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Mumbai: Shares in HDFC Bank rose as much as 1.2% on Friday morning, a day after the country’s third-largest lender posted better-than-expected quarterly earnings.

After market hours on Thursday, HDFC Bank beat expectations with a 33% rise in third-quarter profit, while warning that red-hot demand for loans might moderate with rising interest rates.

At 9:26 am, HDFC Bank shares were up 0.3%, while the main stock index was down 0.6%.

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Published: 28 Jan 2011, 09:05 AM IST
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