ICICI, HDFC banks share prices hit fresh records post March quarter earnings
Shares of HDFC Bank Ltd. and ICICI Bank Ltd. surged to record highs on Monday after both posted stronger-than-expected earnings over the weekend. Brokerage firm Motilal Oswal Financial Services Ltd. revised its FY26 earnings estimate for HDFC Bank up by 3% and raised ICICI Bank's price target by 3% to ₹1,650.
Axis Bank Ltd., India's third-largest private lender, is set to report its earnings on Thursday.
Meanwhile, the implied volatility spread between the Nifty Bank Index and the broader Nifty 50 Index has narrowed to levels last seen in early April, reflecting improved trader sentiment towards banking stocks. As of Thursday's close, the April 55,000-rupee call option had the highest open interest, indicating further potential upside for the bank index.
On Monday, the Nifty Bank Index jumped as much as 1.9%, crossing the previous peak set in September. Since April 2, when the US announced reciprocal tariffs, the index has risen over 7%, outpacing the Nifty 50's more than 3% gain, according to Bloomberg data.
Analysts believe Indian banks remain largely insulated from global trade tensions due to their limited international exposure. They also point to solid fundamentals across most lenders.
'Overall outlook for banking stocks is positive,' Sandip Sabharwal, founder of research house Asksandipsabharwal.com, told Bloomberg. 'Most banks have significant capital adequacy ratios, good additional provisions as buffers as well as accelerating growth prospects as monetary policy eases and liquidity improves,' he added.
ICICI Bank shares rose over 2% on Monday morning, day after the lender posted a 15.7% rise in consolidated net profit for the March quarter, reaching ₹13,502 crore. The stock touched a 52-week high of ₹1,437 on the BSE, gaining 2.15%, and similarly climbed 2.08% to ₹1,436 on the NSE.
On a standalone basis, ICICI Bank posted a net profit of ₹12,630 crore for Q4 FY25, an 18% increase from ₹10,708 crore in the same quarter last year. Core net interest income rose 11% to ₹21,193 crore, and non-interest income (excluding treasury) grew 18.4% to ₹7,021 crore.
The bank also improved its asset quality, with gross NPAs falling to 1.67% in March 2025 from 1.96% in December 2024.
Shares of HDFC Bank climbed more than 2% on Monday, hitting a one-year high of ₹1,950 on both the BSE and NSE. This came after the bank reported a 7% year-on-year increase in consolidated net profit for the March quarter, reaching ₹18,835 crore.
On a standalone basis, net profit stood at ₹17,616 crore for the quarter, up from ₹16,512 crore in the same period last year. Net interest income rose 10.3% to ₹32,070 crore, driven by a slight rise in net interest margin to 3.5% and a 5.4% growth in gross advances.
However, the bank flagged concerns around pricing pressure in home and corporate loans, affecting loan growth. CFO Srinivasan Vaidyanathan noted that HDFC Bank chose to moderate loan expansion and instead prioritise deposits, which grew over 15% during the fiscal.
(With inputs from agencies)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
42 minutes ago
- Mint
Stocks to buy under ₹100: Experts recommend five shares to buy today — 12 June 2025
Stocks to buy under ₹ 100: The Indian stock market continued to trade volatile for the sixth straight session on Wednesday. The Nifty 50 index ended higher for the sixth straight session and finished at 25,141. The BSE Sensex gained 123 points and closed at 82,515, while the Bank Nifty index went off 169 points and closed at 56,459. Sectorally, oil & gas, IT, and pharma were the major gainers, demonstrating strength even in a consolidating market. However, Nifty PSU Banks, FMCG, and metal sectors ended the day in the red. In a change from recent trends, the Nifty Mid-cap and Small-cap indices broke their winning streak today. The Nifty Mid-cap 100 Index fell by 0.49%, while the Nifty Small-cap 100 Index went down by 0.53%. However, market breadth remained decisively positive, with advancing stocks significantly outpacing declining ones, as indicated by a BSE advance-decline ratio of 1.24. On the outlook of the Indian stock market today, Siddhartha Khemka, Head of Research — Wealth Management at Motilal Oswal, said, "Looking ahead, market participants will closely track key economic data points, with US CPI data released on Wednesday, followed by the UK GDP print and India's CPI inflation reading, due on Thursday. Positive developments on the US-China trade front and the India-EU FTA could influence sentiment and set the tone for near-term market direction." Speaking on the outlook of the Nifty 50 today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Nifty 50 index, after consolidating since the last two days, witnessed a volatile session with the initial half progressed ahead to scale the 25,200 zones while post-lunch session succumbed to profit booking to end near the 25,150 level with sentiment slightly turning cautious. The index has the 25,000 zones as the near-term support, while on the upside, the 25,500 level can be expected in the coming sessions once there is a breach above the hurdle of 25,200 levels, with overall bias maintained strong." "The Bank Nifty index has witnessed another session of profit booking to slip further from the peak made near the 57,000 zone, and with the 55,800 to 56,000 band maintained as the important support from the current level, the index is still in the strong territory but would need a decisive breach above the 57,000 level to anticipate for fresh upward move in the coming days to maintain the positive bias intact," Shiju Kuthupalakkal said. Regarding stocks to buy today, market experts Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher; Mahesh M Ojha, AVP—Research at Hensex Securities; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshil Jain, Head of Research at Lakshmishree Investment and Securities, recommended these five intraday stocks: Lloyds Enterprises, NMDC Steel, Sterlite Technologies, Fedders Holding, and Ugar Sugar Works. 1] Lloyds Enterprises: Buy at ₹ 73, Target ₹ 83, Stop Loss ₹ 70. 2] NMDC Steel: Buy at ₹ 40 to ₹ 41, Targets ₹ 42.40, ₹ 43.80, ₹ 46, Stop Loss ₹ 38.80; and 3] Sterlite Technologies: Buy at ₹ 76.50 to ₹ 77, Targets ₹ 78.50, ₹ 80, ₹ 82, ₹ 85, Stop Loss ₹ 74.60. 4] Fedders Holding: Buy at ₹ 50, Targets ₹ 53, ₹ 54.80, Stop Loss ₹ 48.40. 5] Ugar Sugar Works: Buy at ₹ 51, Target ₹ 58, Stop Loss ₹ 48 (Closing Basis).
Mint
an hour ago
- Mint
Gold Advances on Middle East Tensions and Trump's Tariff Pledge
Bloomberg Published 12 Jun 2025, 05:56 AM IST Gold gained for a second day on increased tensions in the Middle East, with its haven status also supported by President Donald Trump's comments that he will inform trading partners on tariff rates within two weeks. Bullion rose as much as 0.6% to around $3,373 an ounce, extending a 1% gain from the earlier session when it was also boosted by a declining dollar. Buying interest increased after the US ordered some embassy staff to depart Baghdad and allowed military families to leave the Middle East, after Iran threatened to attack US bases if talks over its nuclear program fell through. Separately, Trump said he intended to send letters to trading partners in the next one to two weeks setting unilateral tariff rates, ahead of a July 9 deadline to reimpose higher duties on dozens of economies. The president also said a trade framework with China has been completed, with levies between the two largest economies to be maintained at their current levels. Uncertainties over global trade tensions and heightened geopolitical risks have rattled markets this year, boosting gold's allure as a store of value in turbulent times and powering a year-to-date advance of 28%. The precious metal, which reached an all-time high in April, has also been supported by increased central-bank buying. Spot gold was up 0.3% to $3,364.43 as of 7:59 a.m. Singapore time. The Bloomberg Dollar Spot Index was steady after falling 0.4% on Wednesday. Silver, platinum and palladium all gained. This article was generated from an automated news agency feed without modifications to text.
Mint
an hour ago
- Mint
Stocks to buy under ₹100: Experts recommend five shares to buy today — 12 June 2025
Stocks to buy under ₹ 100: The Indian stock market continued to trade volatile for the sixth straight session on Wednesday. The Nifty 50 index ended higher for the sixth straight session and finished at 25,141. The BSE Sensex gained 123 points and closed at 82,515, while the Bank Nifty index went off 169 points and closed at 56,459. Sectorally, oil & gas, IT, and pharma were the major gainers, demonstrating strength even in a consolidating market. However, Nifty PSU Banks, FMCG, and metal sectors ended the day in the red. In a change from recent trends, the Nifty Mid-cap and Small-cap indices broke their winning streak today. The Nifty Mid-cap 100 Index fell by 0.49%, while the Nifty Small-cap 100 Index went down by 0.53%. However, market breadth remained decisively positive, with advancing stocks significantly outpacing declining ones, as indicated by a BSE advance-decline ratio of 1.24. On the outlook of the Indian stock market today, Siddhartha Khemka, Head of Research — Wealth Management at Motilal Oswal, said, "Looking ahead, market participants will closely track key economic data points, with US CPI data released on Wednesday, followed by the UK GDP print and India's CPI inflation reading, due on Thursday. Positive developments on the US-China trade front and the India-EU FTA could influence sentiment and set the tone for near-term market direction." Speaking on the outlook of the Nifty 50 today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Nifty 50 index, after consolidating since the last two days, witnessed a volatile session with the initial half progressed ahead to scale the 25,200 zones while post-lunch session succumbed to profit booking to end near the 25,150 level with sentiment slightly turning cautious. The index has the 25,000 zones as the near-term support, while on the upside, the 25,500 level can be expected in the coming sessions once there is a breach above the hurdle of 25,200 levels, with overall bias maintained strong." "The Bank Nifty index has witnessed another session of profit booking to slip further from the peak made near the 57,000 zone, and with the 55,800 to 56,000 band maintained as the important support from the current level, the index is still in the strong territory but would need a decisive breach above the 57,000 level to anticipate for fresh upward move in the coming days to maintain the positive bias intact," Shiju Kuthupalakkal said. Regarding stocks to buy today, market experts Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher; Mahesh M Ojha, AVP—Research at Hensex Securities; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshil Jain, Head of Research at Lakshmishree Investment and Securities, recommended these five intraday stocks: Lloyds Enterprises, NMDC Steel, Sterlite Technologies, Fedders Holding, and Ugar Sugar Works. 1] Lloyds Enterprises: Buy at ₹ 73, Target ₹ 83, Stop Loss ₹ 70. 2] NMDC Steel: Buy at ₹ 40 to ₹ 41, Targets ₹ 42.40, ₹ 43.80, ₹ 46, Stop Loss ₹ 38.80; and 3] Sterlite Technologies: Buy at ₹ 76.50 to ₹ 77, Targets ₹ 78.50, ₹ 80, ₹ 82, ₹ 85, Stop Loss ₹ 74.60. 4] Fedders Holding: Buy at ₹ 50, Targets ₹ 53, ₹ 54.80, Stop Loss ₹ 48.40. 5] Ugar Sugar Works: Buy at ₹ 51, Target ₹ 58, Stop Loss ₹ 48 (Closing Basis). Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
