HDB Financial Services shares surged 4.6% in Thursday trading, reaching an intraday high of ₹786.55 on the National Stock Exchange.
The rally followed the company’s announcement of a record first-quarter profit, driven by improved asset quality and robust operational performance.
The HDFC Bank affiliate’s results have prompted several brokerages to lift their target prices for the stock.
Analysts cited the lender’s ability to maintain profitability amidst a challenging credit environment as a key positive.
The market reaction reflects growing investor confidence in the company’s strategic direction and its capacity to deliver consistent earnings growth.
This development adds to a broader trend of strong earnings from Indian lenders.