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HDFC Bank Shares Slide 7% Post Q3 Results | Stock Market News
Updated: January 17, 2024 12:42 PM IST
HDFC Bank shares fell sharply on Jan 17 morning despite reporting a 33% increase in net profit for the December quarter. Investors reacted to flat quarter-on-quarter net interest margins, with the share price dropping over 6% on both the BSE and NYSE. While analysts acknowledged positive long-term views, some adjusted their short-term estimates in light of the margin performance.
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