HDFC Bank hits record high market cap of $192 billion, fueled by profit and deposit growth.
HDFC Bank, India's largest private lender, hit a market cap of over ₹14 lakh crore ($192 billion) on November 28th, with its stock reaching a record high. This surge follows a 5.3% rise in quarterly net profit to ₹16,820 crore and a 10% increase in net interest income. The bank's deposits and gross advances also saw growth of 15.1% and 7% year-over-year, respectively. Analysts have a 'Strong Buy' consensus with an 8% upside potential.
4 weeks ago
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