Motilal Oswal Financial Services Limited

Tech Stocks - Northbound journey continued in the tech stocks after better than expected Q1 results announced by Infosys, HCL Tech and Wipro. Both the Tech giants Infosys and HCL Tech closed on a record high today. HDFC Bank- HDFC Bank reported Q1 net profits at Rs6660cr grew at 19.6% YoY (inline to our estimates at Rs6680cr) , NII growing at 8% YoY (3% QoQ) to Rs15660cr (expectation Rs15390cr). Other income declined 18% YoY to Rs4070cr (34% below estimates at Rs6140cr) affected by decline in fees & commission income (37% YoY/49% QoQ decline) due to lockdown . Total provisions spiked to Rs3890cr (49% YoY increase) – Expectation Rs4150cr. GNPA at 1.4% vs 1.3% (QoQ) – expectation 1.3%. NNPA at 0.3% vs 0.4% (expectation 0.4%). #MOMarketUpdates #HDFCBank #HCL #Infosys #MotilalOswal #Indianstockmarkets #nifty #sensex #nifty50 #nse #bse

HDFC Bank gained approx. 3% today. In an exchange filing, the bank said that its deposits increased 25% to Rs 11,89,500 crore in Q1 FY21 versus Rs 9,54,600 crore in Q1 FY20. In the January-March quarter, deposits stood at Rs 11,47,500 crore. The bank advances grew by 21% year-on-year (YoY) in the April-June quarter to Rs 10,04,500 crore, compared to Rs 8,29,700 crore in the year-ago period. In Q4 FY2o advances stood at Rs 9,93,700 crore. ... #MOMarketUpdates #MotilalOswal #HDFC #hdfcbank #marketupdates #marketinformation #stocknews #privatebank #NSE #updates #marketcap #stockprice #markettoday #sharebazar #dalalstreet

Three major private banks -Axis, ICICI and HDFC Bank, witnessed smart rally today on the possibility of a fundraising plan for adequate liquidity in the system.The three private banking giants hold a market share of over 80% in the private banking space. A snapshot of their returns in the last 5 years. #MOMarketUpdates #privatebank #hdfcbank #icicibank #axisbank #stockmarket #stocknews #marketnews #marketupdates #bankstocks #NSE #sharemarket

#ResultUpdate #HDFCBank - Tepid growth in Services drives moderation in outlook. Read the result report here: http://ow.ly/aOwg50kgwQT #ResultUpdate #HDFCBank

Click to read today’s MOrning India Report: http://ow.ly/tcwx50kguSqTo view more Research Reports, click here: http://ow.ly/mUBB50kguSp #research #marketupdate #nifty #Sensex #dailymarketresearch #HDFCBank #Wipro #L&TInfotech #research #marketupdate #nifty #Sensex #dailymarketresearch #HDFCBank #Wipro #L