HDFC - N Bang - · *Result were in line with expectation* · NII increased 30.6% QoQ and 13.6% YoY to Rs 2121.4 cr · PAT increased 36.4% QoQ and 17.3% YoY · The stock is trading at 5.38x P/ABV which we believe is fairly valued · The company also operates in life insurance, general insurance and asset management business which is reported in consolidated numbers. · Consolidated PAT increased 33.5% QoQ and 16.8% YoY
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