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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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First Published: Fri, Jan 28 2011. 09 05 AM IST
Updated: Fri, Jan 28 2011. 09 05 AM IST
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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First Published: Fri, Jan 28 2011. 09 05 AM IST
More Topics: HDFC Bank | Markets | Shares | BSE | Sensex |