Groww delivered strong Q1 FY2027 results with profit after tax growing 43.3% year-on-year to ₹9.21 crore, though it declined 5.0% sequentially. According to latest reports, PAT margin improved significantly to 22.2% from 17.1% in Q1 FY26, while earnings per share increased 43% year-on-year to ₹3.88. The company announced a first interim dividend of ₹4 per share for FY27 with record date set for July 21, 2026. As reported, Groww continues to maintain a healthy balance sheet supported by strong cash conversion and prudent working capital management.
UBS maintains a Neutral rating on Union Bank of India with a target price of ₹195, citing a healthy quarter with margin expansion. According to reports from NDTV Profit, the bank's Q1 performance beat PAT expectations driven by higher net interest income and lower provisions, though deposit growth remained weak. Motilal Oswal maintains an Equal-weight rating on HDB Financial Services with a target price of ₹800, noting the company is on the right track with durable improvement in asset quality metrics. HDB Financial Services reported net profit of ₹109.77 crore for Q1 FY2027, down nearly 70% from ₹363.94 crore in June 2025 quarter, while net interest income rose 20% year-on-year to ₹2,509 crore.
Motilal Oswal maintains an Overweight rating on ICICI Prudential Life with a target price of ₹670, highlighting that Q1 VNB and VNB margin beat estimates by 10%. As reported by NDTV Profit, the strong performance was aided by favorable product mix and likely benefits from a steeper yield curve. Citi upgraded the stock to Buy with a higher target price of ₹945, citing robust margin trends and growth revival. HDFC Life showed robust growth with New Business Premium growing 21.3% year-on-year to ₹4,866 crore in Q1 FY2027, while Retail New Business Sum Assured grew 45.9% year-on-year to ₹1.13 lakh crore.
HDFC AMC delivered strong Q1 FY2027 results with consolidated net profit jumping 12% year-on-year to ₹8.4 billion and revenue rising 14% to ₹11 billion. According to the latest earnings call transcript, operating profit grew 10% with margins at 35 basis points of assets under management, remaining within the company's target range of 33-35 basis points. The company reported quarterly average assets under management (QAAUM) of ₹9.35 trillion, up 13% year-on-year, representing an 11.2% share of the mutual fund industry's QAAUM. Alternatives AUM jumped 147% year-on-year to ₹148 billion, while SIP and systematic transaction momentum remained strong with ₹48.1 billion in June 2026 compared to ₹40.1 billion in June 2025, showing 20% year-on-year growth. HDFC AMC shares rose 2.61% to ₹2,729.2 following the results announcement, reflecting investor confidence in the company's steady growth and strategic expansion beyond traditional mutual funds.
As reported by NDTV Profit, CLSA's Laurence Balanco notes that Nifty continues to consolidate within a well-defined 23,100–24,515 trading range, with support at 23,100–23,103 and resistance at 24,500–24,515. The technical backdrop remains more constructive in India's mid- and small-cap segments, with major support at 21,743–21,800 and resistance at 25,600–26,319. HDFC AMC share price ended 2.42% higher at ₹2,722.70 on the BSE following the results announcement. According to SBI Securities, the stock has been consolidating in the ₹2,642-2,838 range since July 1, with the 50-day EMA acting as key dynamic support and consistent buying interest on declines toward this average.
