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Despite top firms reducing holdings, HDFC Bank reports strong Q1 earnings, net margin, and a Wall Street rating upgrade.
Two investment firms, Naviter Wealth and BSW Wealth Partners, have reduced their holdings in HDFC Bank, selling 469 and 649 shares respectively, while Spire Wealth Management increased its holdings by 771.0%.
HDFC Bank reported a strong Q1 with earnings per share of $0.85, exceeding expectations, and a net margin of 15.02%.
Wall Street recently raised its rating on the bank from "sell" to "hold."
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A pesar de que las principales firmas están reduciendo sus participaciones, HDFC Bank informa fuertes ganancias del primer trimestre, margen neto y una mejora de la calificación de Wall Street.