HDFC Bank Q1 Results Today: Brokers Bullish, Earnings Call at 6:00 PM ISTHDFC Bank Q1 Results Today: Brokers Bullish, Earnings Call at 6:00 PM IST India’s largest private sector lender, HDFC Bank, will announce its financial results for the first quarter of fiscal year 2024-25 on Saturday, July 20, 2024. The company’s board of directors will meet to discuss the unaudited results for Q1 FY 2024-25, which ended on June 30, 2024. Earnings Release Date and Time: The earnings announcement will be made today, July 20, 2024, at 6:00 PM IST. Brokers’ Outlook: Ahead of the results, brokers have expressed optimism about HDFC Bank’s performance in the first quarter. * Axis Securities: BUY rating, target price of Rs 2,000 * Motilal Oswal: BUY rating, target price of Rs 1,950 Stock Price Performance: Shares of HDFC Bank declined in Friday’s trading session, closing at Rs 1,607, down 0.47% from its previous close. Over the past year, the stock has underperformed the BSE Sensex and Bankex, which have gained over 20% and 16%, respectively. Earnings Call: HDFC Bank will hold an earnings call with analysts and investors at 6:00 PM IST on July 20, 2024, to discuss the financial results and provide insights into the company’s performance.
Updated on July 20, 2024 09:22 IST
HDFC Bank Q1 FY 2024-25 to be announced today. As per the regulatory filing, HDFC Bank’s results will be announced at 6:00 pm IST today.
HDFC Bank Target Price 2024: Brokers are bullish on HDFC Bank for the first quarter of FY 2024-25 today
The country’s largest private lender HDFC Bank HDFC Bank, Inc. (NSE, BSE: HDFCBANK) is set to announce its quarterly results on Saturday. In a stock exchange filing, HDFC Bank said the company’s board of directors will meet on Saturday to discuss the unaudited results for Q1 FY 2024-25 — the quarter ending June 31, 2024.
HDFC Bank Q1 FY 2024-25 Earnings Release Date & Time: Earnings announcement schedule will be announced today
“We wish to inform you that a meeting of the Board of Directors of HDFC Bank Limited (“the Bank”) is going to take place.
will be held on Saturday, July 20, 2024 to discuss, among other things, the unaudited separate and consolidated financial results for the quarter ended June 30, 2024,” HDFC Bank said in a stock exchange filing.
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According to the regulatory filing, HDFC Bank’s earnings call is scheduled for 6:00 pm IST. “… the bank will hold an earnings call with analysts and investors on July 20, 2024 at 6:00 pm (IST) during which the senior management of the bank will discuss the financial results with the participants,” HDFC Bank said in a filing with the exchanges.
Meanwhile, ahead of HDFC Bank Q1 FY 2025 results today, brokers are bullish on the HDFC Bank stock. In the daily report dated July 19, 2024, Axis effects had a BUY rating on HDFC Bank with a target price of Rs 2,000. This represents a potential upside of 23.9 percent for the HDFC Bank stock from Friday’s opening level of around Rs 1,600.
Motilal Oswal Financial Services in its July 19 report gave HDFC Bank a BUY rating with a target price of Rs 1,950 apiece, up 21 percent from Friday’s opening prices.
HDFC Bank stock price today
Shares of HDFC Bank fell in Friday’s trade. After opening with a gap-up above Thursday’s levels, the stock fell into negative territory and ended the session at Rs 1,607, down 0.47 per cent from its July 18 close. The largest private sector lender and index heavyweight has given negative returns of -4.61 per cent in the past one year. This is when the BSE Sensex And Bankex have yielded returns of more than 20 percent and more than 16 percent respectively.
