HDFC Bank shares plunge 7% post Q3 results: How should you trade the stock? Here's what brokerages recommend

HDFC Bank's shares dropped by over 7% following the release of its December quarter results. Despite a 34% increase in net profit, investors were worried about the outlook on loan growth and margins. Leading brokerages expressed concerns about loan growth and a lower liquidity coverage ratio (LCR).

Jan 17, 2024 - 11:30
HDFC Bank shares plunge 7% post Q3 results: How should you trade the stock? Here's what brokerages recommend
HDFC Bank's shares dropped by over 7% following the release of its December quarter results. Despite a 34% increase in net profit, investors were worried about the outlook on loan growth and margins. Leading brokerages expressed concerns about loan growth and a lower liquidity coverage ratio (LCR).