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Shares of Avenue Supermarts Ltd., which operates the DMart chain, will be in focus on Monday, April 6, after the company reported a strong fourth-quarter business update. Read here

Bernstein on HDFC Bank:

Outperform rating, Target price at Rs 1150

Bank’s 4QFY26 provisional update had enough to address LDR concerns that cropped up last quarter – period-end LDR dropped by >400 bps to 95% as headline deposit growth came in at14% YoY (vs. 12% last quarter) and loan growth remained unchanged at 12% YoY

A near identical QoQ growth in average loan and deposit balances suggests that bank is unlikely to see any surprise margin compression, especially given the continued improvement in CASA growth

Only complaint would be the loan growth stagnating at 12% (which is potentially lower than system growth).

Overall, see deposit trajectory to be healthy and see no risk to the steady EPS growth improvement trajectory that the bank is delivering on.

The company’s gross disbursement increased to ₹17,530 crore from ₹14,254 crore in the fourth quarter last year. This is a growth of 23% from the same quarter last year.

here

PSU Banks are in focus today after several lenders reported their business updates for the fourth quarter over the weekend.

Of them, Bank of Baroda, Punjab National Bank and Union Bank of India should be on your radar today.

Click here to know more

HDFC Bank shares are in focus today after it reported a strong business update for the fourth quarter.

Its gross advances increased by 12% to Rs 29.6 lakh crore, while deposits surged 14.4% to 31.05 lakh crore from the previous year.

Its credit-to-deposit ratio also declined to 95.31% from 98.5% sequentially.

Click here to check the two other reasons why the stock is in focus today

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