Today’s second quarter results: Several prominent companies including HDFC Bank Ltd, Kotak Mahindra Bank Ltd, Tech Mahindra Ltd and IndiaMART InterMESH Ltd will today release their Q2FY25 financial results. Other companies that reported their earnings include Achyut Healthcare Ltd, Dalmia Bharat Ltd, Eiko Lifesciences Ltd, Integra Essentia Ltd, High Energy Battery (India) Ltd, Lloyds Engineering Works Ltd, Multi Commodity Exchange of India Ltd, Netweb Technologies India Ltd, Nutraplus India Ltd., PC Jeweler Ltd, Poojawestern Metaliks Ltd, Punjab & Sind Bank , RBL Bank Ltd, Rossari Biotech Ltd, Seshasayee Paper & Boards Ltd, Shree Pacetronix Ltd, Trident Lifeline Ltd and UCO Bank.
On Friday, the Indian stock market ended a three-day losing streak as banking and financial stocks led a rally. The BSE Sensex rose 218.14 points (0.27%) to close at 81,224.75, while the NSE Nifty 50 it gained 104.20 points (0.42%) to finish at 24,854.05.
Bank stocks showed strong momentum, with the Ingenious bench The index rose 1.57% and Nifty Financial Services advanced 1.50%. axle bench was the best performer, with an increase of 5.75%, followed by wipro (3.59%), Eicher Motors (2.98%), ICICI Bank (2.90%) and Shriram Finance (2.80%).
However, the IT sector faced challenges after Infosys fell 4.22%, dragging other IT stocks with it. Notable losers included Britannia (-1.98%), Asian Paints (-1.87%), Nestle India (-1.21%) and Tech Mahindra (-0.82%).
HDFC Bank Q2 Results
Among today’s announcements, HDFC Bank’s financial performance is attracting special attention. The bank’s second quarter results will be closely watched as the lender continues to adjust to its recent merger with its parent company, HDFC Ltd. This merger has temporarily impacted its funding structure, but HDFC Bank is working to transition from high cost deposits to lower cost deposits. cost options.
Net interest income (NII): Analysts expect HDFC Bank to report a NII of $30,133 crore for Q2FY25, up 10% from $27,385 crore in the same period last year.
Net Interest Margin (NIM): The margin is expected to show a gradual recovery as the bank refines its deposit strategy post-merger.
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