HDFC Bank witnessed strong asset quality improvement in September quarter. (Photo: Shubhayan Bhattacharya/NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The share of HDFC Bank opened higher and is trading with gains of more than 2% following the September quarter earnings, which appears to have sated the mood of investors and brokerages alike.

The stock is currently trading at Rs 1015, which compares to Friday's closing price of Rs 994. The stock has fallen 43% over a year-to-date period and over 40% in the last 12 months.

The positive mood in HDFC Bank's share price comes on the back of the lender's September quarter earnings, where net profit rose 11% on a year-on-year basis to Rs 18,641 crore.

A bigger positive for HDFC Bank was the improving asset qual

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