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Leading brokerages have expressed optimism about HDFC Bank, issuing a mix of positive ratings and price targets that reflect its strong growth potential for the next 12 months.HDFC Bank, on Wednesday reported a 2.2% year-on-year growth in its December quarter standalone net profit, totaling Rs 16,736 crore, compared to Rs 16,373 crore posted in the same period last year.Also Read: HDFC Bank Q3 Results: PAT rises 2% YoY to Rs 16,736 crore, NII advances 8%
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The government knows that there is a slowdown, but still the government capex, government spending has not picked up. Now what is leading to that, why this stagnation is there, and what is their thought process it will become clear in a week when the budget comes in.
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Waaree Renewable Technologies shares surged 667% in 4 months but recently fell 68% due to a double-top pattern. Analysts advise avoiding the stock amid bearish momentum and suggest waiting for a rebound near support levels around Rs 740. Immediate support is at Rs 875, with resistance at Rs 1,118-1,190.
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