HDFC Bank shares fall 2% after Q2 results as Jefferies, Motilal Oswal analysts weigh in
HDFC Bank reported a net profit of Rs 19,510 crore for the second quarter of FY27, up 4.6% from a year earlier. Net interest income rose 9.7% to Rs 34,620 crore, while net interest margin came in at 3.16% on total assets. The stock fell as much as 2% after the results. Jefferies maintained its 'Buy' rating with a target price of Rs 880, and Motilal Oswal, Systematix and Emkay also stayed positive, with attention on margin recovery and the leadership transition.
