HDFC Bank’s results reflect the transition the bank is going through, with the need to increase their share of loans with retail and SME. Loan growth for the bank is expected to pick up in the coming quarter. The valuations are all right, and earnings are slightly mixed. The IT sector is experiencing a pivot, with US interest rates set to fall, leading to the execution of pending order books. The financial services industry in the US will be the first to start executing orders.
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