HDB Financial Services shares fall further below issue price after 7% plunge on Q2 results
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Shares of HDB Financial Services Ltd.
- ✓fell nearly 7% on Thursday, October 15, after second quarter earnings missed estimates.
- ✓The stock hit a new post-listing low as BPO income dragged results.
Story at a Glance
- Category
- MARKET
- Reported By
- cnbctv18
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
HDB Financial shares fell 5% following Q2 earnings where profit missed estimates slightly and BPO income dragged. However, Nomura upgraded the stock to buy with a target price of ₹790, citing sustained disbursal momentum and strong long-term outlook.
Shares of HDB Financial Services Ltd. declined nearly 7% on Thursday, October 15, in response to their second quarter earnings, even as global investment banking firm Nomura upgraded its recommendation on the HDFC Bank unit.
The stock has now declined in three out of the last four sessions and Thursday's fall marks a new post-listing low for the stock.
Nomura Upgrades HDB Financial
Nomura upgraded the stock to "buy" from "neutral" and has a target price of ₹790 per share. This implies an upside of 35.3% from its previous closing price.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
cnbctv18
Read the full, original unfiltered story directly on the publisher's portal.