SBI Vs HDFC Bank: Which Stock Has Delivered Better Returns?

sbi vs hdfc bank: which stock has delivered better returns?

It is often considered the most challenging avenue for earning effortless profits, the stock market can become a lucrative venture when timed and invested wisely. The key lies in identifying the right stocks at the opportune moment, paving the way for substantial returns.

Here is an analysis of the performance of State Bank of India (SBI) and HDFC shares over the past year and how these stocks have fared, providing insights into the potential returns they have generated for the investors.

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SBI Q3 ResultsThe State Bank of India (SBI) has reported a net profit of Rs 9,163 crore for the October-December quarter of the financial year 2023-24. The net interest income (NII) for the country’s largest bank reached Rs 39,815 crore and the net interest margin stood at 3.22 percent. SBI’s gross non-performing asset (NPA) reduced to 2.42 percent, a notable improvement from the 3.14 percent reported in the corresponding quarter last year.

HDFC Q3 ResultsHDFC Bank, India’s largest private lender announced a surge of 62.4 per cent in its gross advances for the quarter concluding on December 31, 2023. The reported figure stood at Rs 2,469,500 crore, a substantial increase from Rs 1,520,500 crore recorded as of December 31, 2022. This signifies a sequential growth of 4.9 per cent, compared to the Rs 2,354,600 crore reported in the preceding September quarter.

SBI Vs HDFC Bank SharesOver the past 3 months, SBI shares have demonstrated robust returns, soaring by 29.15 per cent, according to the BSE analytics. Looking at a broader horizon, the last 1 year has seen an impressive growth of 33.49 per cent in SBI shares.

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In contrast, HDFC Bank shares have faced a challenging period, recording negative returns of 11.58 per cent over the last 6 months. According to the BSE analytics, the trend persists over a longer timeframe, with negative returns of 14.71 per cent observed in the last 1 year.