HDFC Bank Q4
Net Profit At Rs 3,990 Cr & NII At Rs 9,055 Cr;
NIM At 4.3% & Gross NPA Unchanged At 1.05% QoQ
Absolute gross NPA at ₹5,885.7 cr vs ₹5,232 cr QoQ
NIM at 4.3% vs 4.1% QoQ
Gross NPA flat at 1.05% QoQ
Analysis
-In line results
-NIMs higher than exp
-Provisioning increases QoQ
Technical View
Support at 1448 and resistance at 1480
Trend Looks Negative and could touch its Support level of 1448. Close below 1448 will see more downside correction in it else could touch its Resistance level of 1480 again.
Trade with levels only.
More will update soon!!
