HDB Financial Services Q1 Results Live Updates: Stock sees volatile moves ahead of earnings

HDB Financial Services Q1 Results Live Updates: HDB Financial Services, the unit of India's largest private sector lender, HDFC Bank Ltd. will be reporting its June quarter results later today, which will be their first as a listed entity. In the few days since it became a public company, the stock has continued to trade around its listing price of ₹840 per share, which is a 13% premium to its issue price of ₹740 per share. Watch this space for all the live updates.

HDB Financial Services Q1 Results Live Updates: HDB Financial Services, the unit of India's largest private sector lender, HDFC Bank Ltd. will be reporting its June quarter results later today, which will be their first as a listed entity. In the few days since it became a public company, the stock has continued to trade around its listing price of ₹840 per share, which is a 13% premium to its issue price of ₹740 per share. Having made a post-listing high of ₹891 on just its second day of trading, HDB Financial shares have corrected 5% from those levels. The non-bank lender's growth trajectory, asset quality and margin profile would be some of the key factors to watch from the earnings statement, as that could set the stage for the parent company HDFC Bank's results later in the week. The stock is yet to receive significant analyst coverage, barring Emkay, who had initiated coverage with a "buy" rating on the day of its listing. Follow this space for all the Live updates.