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HDB Financial Shares Plunge 7% to New Low Following Q2 Results
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CNBC TV18•15-10-2026, 10:58
HDB Financial Shares Plunge 7% to New Low Following Q2 Results
- •Shares of HDB Financial Services Ltd. declined nearly 7% on Thursday, hitting a new post-listing low following second quarter earnings.
- •Global investment banking firm Nomura upgraded the stock to buy from neutral with a target price of 790 rupees per share.
- •The company reported a profit after tax of 780 crore rupees, up 34.2% year-on-year but down 0.6% sequentially.
- •Asset quality showed a slight deterioration, with gross NPA rising to 2.43% from 2.34% in the previous quarter.
- •The stock is currently down 26% from its issue price of 740 rupees and trades significantly below its listing price.
Key Questions Answered
Shares of HDB Financial Services Ltd. declined nearly 7% on Thursday, October 15, 2026, hitting a new post-listing low in response to their second-quarter earnings report.
Nomura upgraded HDB Financial Services to a "buy" rating from "neutral" with a target price of ₹790 per share, which implies a 35.3% upside from its previous close.
HDB Financial Services reported a 34% rise in net profit at ₹780 crore for the quarter ended September 30, 2026, compared to ₹581 crore in the year-ago period.
