{"id":24523,"date":"2026-04-16T10:11:04","date_gmt":"2026-04-16T04:41:04","guid":{"rendered":"https:\/\/trending.niftytrader.in\/?p=24523"},"modified":"2026-04-16T10:21:51","modified_gmt":"2026-04-16T04:51:51","slug":"hdb-financial-nbfc-rerating-signal-q4","status":"publish","type":"post","link":"https:\/\/www.niftytrader.in\/markets\/hdb-financial-nbfc-rerating-signal-q4\/","title":{"rendered":"HDB Financial Jumps 12% on Earnings Shock \u2014 Is This the First Real NBFC Re-Rating Signal?"},"content":{"rendered":"<p data-start=\"283\" data-end=\"688\"><a href=\"https:\/\/www.hdbfs.com\/\" rel=\"noopener\">HDB Financial Services<\/a> saw a sharp <strong data-start=\"318\" data-end=\"349\">12%+ intraday surge to \u20b9724<\/strong>, a move that goes beyond a routine earnings reaction and points to a clear <strong>positioning shift in the NBFC space<\/strong>. The spike wasn\u2019t just driven by strong Q4 numbers; it reflected a market caught off guard by the <strong data-start=\"560\" data-end=\"603\">quality of growth and margin resilience<\/strong>, forcing traders to rethink a sector that had been trading under a cloud of caution.<\/p>\n<p data-start=\"690\" data-end=\"1011\"><strong>This matters now because<\/strong> NBFCs have been stuck in an expectation gap: strong loan growth on one side, rising delinquency and funding stress fears on the other. HDB\u2019s print doesn\u2019t eliminate those risks, but it disrupts the bearish consensus just enough to trigger early re-rating behaviour in select names. The rally reflects a positioning shock, but confirmation will depend on whether peers replicate this balance between growth and risk.<\/p>\n<h2 data-section-id=\"15kzo9q\" data-start=\"1018\" data-end=\"1048\"><span role=\"text\"><strong data-start=\"1021\" data-end=\"1048\">What Triggered the Move<\/strong><\/span><\/h2>\n<p data-start=\"1050\" data-end=\"1166\">The rally was driven by a combination of <strong data-start=\"1091\" data-end=\"1132\">earnings strength and forward signals<\/strong>, not just headline profit growth:<\/p>\n<ul data-start=\"1168\" data-end=\"1529\">\n<li data-section-id=\"t7jrps\" data-start=\"1168\" data-end=\"1260\"><strong data-start=\"1170\" data-end=\"1208\">NIM expanded to 8.2% (vs 7.6% YoY)<\/strong>\u2014a key surprise in a margin-pressure environment<\/li>\n<li data-section-id=\"a2ijqq\" data-start=\"1261\" data-end=\"1323\"><strong data-start=\"1263\" data-end=\"1286\">Stable credit costs<\/strong>, despite macro tightening concerns<\/li>\n<li data-section-id=\"3bbbgj\" data-start=\"1324\" data-end=\"1399\"><strong data-start=\"1326\" data-end=\"1360\">Dividend announcement for FY26<\/strong>, signalling balance sheet confidence<\/li>\n<li data-section-id=\"15j3111\" data-start=\"1400\" data-end=\"1529\"><strong data-start=\"1402\" data-end=\"1458\">Massive \u20b932,825 crore debt fundraising plan approved<\/strong>\n<ul data-start=\"1463\" data-end=\"1529\">\n<li data-section-id=\"1t23h9o\" data-start=\"1463\" data-end=\"1496\">\u20b931,975 crore for refinancing<\/li>\n<li data-section-id=\"15jxlay\" data-start=\"1499\" data-end=\"1529\">\u20b9850 crore fresh borrowing<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p data-start=\"1531\" data-end=\"1589\">But the real trigger was how these elements came together:<\/p>\n<blockquote data-start=\"1591\" data-end=\"1662\">\n<p data-start=\"1593\" data-end=\"1662\">Growth + margins + liquidity access without visible stress blowout.<\/p>\n<\/blockquote>\n<p data-start=\"1664\" data-end=\"1718\">That combination is rare in the current lending cycle.<\/p>\n<h2 data-section-id=\"4xg2dy\" data-start=\"1725\" data-end=\"1774\"><span role=\"text\"><strong data-start=\"1728\" data-end=\"1774\">The Hidden Layer: Not As Clean As It Looks<\/strong><\/span><\/h2>\n<p data-start=\"1776\" data-end=\"1868\">While the headline numbers look strong, the underlying data reveals <strong data-start=\"1844\" data-end=\"1867\">early-stage tension<\/strong>:<\/p>\n<ul data-start=\"1870\" data-end=\"2062\">\n<li data-section-id=\"xna4yw\" data-start=\"1870\" data-end=\"1918\"><strong data-start=\"1872\" data-end=\"1916\">Gross Stage 3 (GNPA): 2.44% vs 2.26% YoY<\/strong><\/li>\n<li data-section-id=\"1qdtra0\" data-start=\"1919\" data-end=\"1958\"><strong data-start=\"1921\" data-end=\"1956\">Net Stage 3: 1.09% vs 0.99% YoY<\/strong><\/li>\n<li data-section-id=\"1vnub1f\" data-start=\"1959\" data-end=\"1998\">However, both improved sequentially<\/li>\n<li data-section-id=\"1nvy214\" data-start=\"2000\" data-end=\"2062\"><strong data-start=\"2002\" data-end=\"2060\">Provisions increased to \u20b9685 crore (vs \u20b9634 crore YoY)<\/strong><\/li>\n<\/ul>\n<p data-start=\"2064\" data-end=\"2079\">\ud83d\udc49 Translation:<\/p>\n<ul data-start=\"2081\" data-end=\"2198\">\n<li data-section-id=\"1y1g0pj\" data-start=\"2081\" data-end=\"2139\">Asset quality is <strong data-start=\"2100\" data-end=\"2137\">stable, but not improving cleanly<\/strong><\/li>\n<li data-section-id=\"1klpsh\" data-start=\"2140\" data-end=\"2198\">Management is <strong data-start=\"2156\" data-end=\"2182\">still building buffers<\/strong>, not relaxing<\/li>\n<\/ul>\n<p data-start=\"2200\" data-end=\"2311\">This creates a <strong data-start=\"2215\" data-end=\"2243\">classic uncertainty zone<\/strong> where the market sees control, but risk hasn\u2019t fully disappeared.<\/p>\n<h2 data-section-id=\"1hait79\" data-start=\"2318\" data-end=\"2361\"><span role=\"text\"><strong data-start=\"2321\" data-end=\"2361\">What the Market Is Really Signalling<\/strong><\/span><\/h2>\n<p data-start=\"2363\" data-end=\"2442\">This is not just about HDB; it\u2019s a <strong data-start=\"2399\" data-end=\"2441\">read-through trade on NBFC positioning<\/strong>.<\/p>\n<p data-start=\"2444\" data-end=\"2487\">The market is beginning to test a new idea:<\/p>\n<blockquote data-start=\"2489\" data-end=\"2585\">\n<p data-start=\"2491\" data-end=\"2585\">Strong, well-diversified lenders may outperform even if the broader NBFC space stays volatile.<\/p>\n<\/blockquote>\n<p data-start=\"2587\" data-end=\"2606\">Supporting signals:<\/p>\n<ul data-start=\"2608\" data-end=\"2766\">\n<li data-section-id=\"1hoon38\" data-start=\"2608\" data-end=\"2732\">Loan mix shows <strong data-start=\"2625\" data-end=\"2648\">defensive structure<\/strong>:\n<ul data-start=\"2652\" data-end=\"2732\">\n<li data-section-id=\"10gp98q\" data-start=\"2652\" data-end=\"2679\">Enterprise lending: 38%<\/li>\n<li data-section-id=\"1dlo38k\" data-start=\"2682\" data-end=\"2704\">Asset finance: 38%<\/li>\n<li data-section-id=\"7xr0mf\" data-start=\"2707\" data-end=\"2732\">Consumer finance: 24%<\/li>\n<\/ul>\n<\/li>\n<li data-section-id=\"10v12zk\" data-start=\"2733\" data-end=\"2766\"><strong data-start=\"2735\" data-end=\"2766\">~74% of the book is secured<\/strong><\/li>\n<\/ul>\n<p data-start=\"2768\" data-end=\"2786\">This explains why:<\/p>\n<ul data-start=\"2787\" data-end=\"2879\">\n<li data-section-id=\"wvpizn\" data-start=\"2787\" data-end=\"2832\">Asset quality hasn\u2019t deteriorated sharply<\/li>\n<li data-section-id=\"18ntraz\" data-start=\"2833\" data-end=\"2879\">Margins are holding despite cost pressures<\/li>\n<\/ul>\n<p data-start=\"2881\" data-end=\"2950\">At the same time, the stock\u2019s context makes the move more meaningful:<\/p>\n<ul data-start=\"2952\" data-end=\"3029\">\n<li data-section-id=\"1lmvtnu\" data-start=\"2952\" data-end=\"2992\"><strong data-start=\"2954\" data-end=\"2990\">Down ~12% over the last 6 months<\/strong><\/li>\n<li data-section-id=\"et1gxy\" data-start=\"2993\" data-end=\"3029\"><strong data-start=\"2995\" data-end=\"3029\">Down ~15% YTD before the rally<\/strong><\/li>\n<\/ul>\n<p data-start=\"3031\" data-end=\"3045\">\ud83d\udc49 This means:<\/p>\n<ul data-start=\"3046\" data-end=\"3172\">\n<li data-section-id=\"aa0wyj\" data-start=\"3046\" data-end=\"3104\">The move is happening from a <strong data-start=\"3077\" data-end=\"3102\">weak positioning base<\/strong><\/li>\n<li data-section-id=\"j06hse\" data-start=\"3105\" data-end=\"3172\">Increasing probability of <strong data-start=\"3133\" data-end=\"3172\">short covering + fresh accumulation<\/strong><\/li>\n<\/ul>\n<h2 data-section-id=\"1bx6k2n\" data-start=\"3179\" data-end=\"3242\"><span role=\"text\"><strong data-start=\"3182\" data-end=\"3242\">Positioning Insight: Early Rotation, Not Full Conviction<\/strong><\/span><\/h2>\n<p data-start=\"3244\" data-end=\"3276\">The nature of the move suggests the following:<\/p>\n<ul data-start=\"3278\" data-end=\"3453\">\n<li data-section-id=\"1quosme\" data-start=\"3278\" data-end=\"3337\">Institutions are <strong data-start=\"3297\" data-end=\"3317\">testing exposure<\/strong>, not going all-in<\/li>\n<li data-section-id=\"abahs3\" data-start=\"3338\" data-end=\"3398\">The rally is <strong data-start=\"3353\" data-end=\"3396\">data-driven, not sentiment-driven yet<\/strong><\/li>\n<li data-section-id=\"k9cl8a\" data-start=\"3399\" data-end=\"3453\">Traders are likely waiting for <strong data-start=\"3432\" data-end=\"3453\">peer confirmation<\/strong><\/li>\n<\/ul>\n<p data-start=\"3455\" data-end=\"3496\">This is how early sector rotations begin:<\/p>\n<blockquote data-start=\"3497\" data-end=\"3569\">\n<p data-start=\"3499\" data-end=\"3569\">One strong print \u2192 selective buying \u2192 broader re-rating (if confirmed)<\/p>\n<\/blockquote>\n<h2 data-section-id=\"chivm7\" data-start=\"3576\" data-end=\"3613\"><span role=\"text\"><strong data-start=\"3579\" data-end=\"3613\">What Traders Should Watch Next<\/strong><\/span><\/h2>\n<ol data-start=\"3615\" data-end=\"4139\">\n<li data-section-id=\"vyml82\" data-start=\"3615\" data-end=\"3744\"><strong data-start=\"3618\" data-end=\"3650\">NBFC Earnings Follow-Through<\/strong><br data-start=\"3650\" data-end=\"3653\" \/>If peers confirm similar margin + asset quality stability, the trade can expand quickly.<\/li>\n<li data-section-id=\"gojf4h\" data-start=\"3746\" data-end=\"3849\"><strong data-start=\"3749\" data-end=\"3790\">Credit Cost Trend (Next 2\u20133 Quarters)<\/strong><br data-start=\"3790\" data-end=\"3793\" \/>Any spike here could invalidate the current optimism.<\/li>\n<li data-section-id=\"1jwdvmd\" data-start=\"3851\" data-end=\"4003\"><strong data-start=\"3854\" data-end=\"3893\">Funding Cost &amp; Liquidity Conditions<\/strong><br data-start=\"3893\" data-end=\"3896\" \/>The \u20b932,825 crore fundraising plan signals confidence but also raises sensitivity to liquidity cycles.<\/li>\n<li data-section-id=\"1umnvpj\" data-start=\"4005\" data-end=\"4139\"><strong data-start=\"4008\" data-end=\"4043\">Price Behaviour Above \u20b9720 Zone<\/strong><br data-start=\"4043\" data-end=\"4046\" \/>Sustained strength would indicate <strong data-start=\"4083\" data-end=\"4113\">institutional accumulation<\/strong>, not just short covering.<\/li>\n<\/ol>\n<h2 data-section-id=\"1gfguee\" data-start=\"4146\" data-end=\"4187\"><span role=\"text\"><strong data-start=\"4149\" data-end=\"4187\">The Real Risk: False Comfort Rally<\/strong><\/span><\/h2>\n<p data-start=\"4189\" data-end=\"4272\">The biggest forward-looking risk is that this becomes a <strong data-start=\"4245\" data-end=\"4271\">false re-rating signal<\/strong>.<\/p>\n<p data-start=\"4274\" data-end=\"4277\">If:<\/p>\n<ul data-start=\"4278\" data-end=\"4368\">\n<li data-section-id=\"zqct42\" data-start=\"4278\" data-end=\"4321\">Asset quality deterioration accelerates<\/li>\n<li data-section-id=\"1x66tey\" data-start=\"4322\" data-end=\"4368\">Or margins compress under funding pressure<\/li>\n<\/ul>\n<p data-start=\"4370\" data-end=\"4422\">Then early bullish positioning could unwind sharply.<\/p>\n<p data-start=\"4424\" data-end=\"4529\">Markets have historically repriced NBFCs <strong data-start=\"4465\" data-end=\"4516\">before stress fully appears in reported numbers, <\/strong>not after.<\/p>\n<h2 data-section-id=\"12dsilg\" data-start=\"4536\" data-end=\"4554\"><span role=\"text\"><strong data-start=\"4539\" data-end=\"4554\">Bottom Line<\/strong><\/span><\/h2>\n<p data-start=\"4556\" data-end=\"4674\">HDB Financial\u2019s Q4 has done more than beat expectations; it has <strong data-start=\"4621\" data-end=\"4673\">challenged the prevailing NBFC bearish narrative<\/strong>.<\/p>\n<p data-start=\"4676\" data-end=\"4741\">But this is still a <strong data-start=\"4696\" data-end=\"4740\">developing signal, not a confirmed trend<\/strong>.<\/p>\n<p data-start=\"4743\" data-end=\"4785\">For traders, the edge lies in recognising:<\/p>\n<ul data-start=\"4786\" data-end=\"4906\">\n<li data-section-id=\"1tew8ha\" data-start=\"4786\" data-end=\"4845\">This could be the <strong data-start=\"4806\" data-end=\"4843\">start of selective NBFC re-rating<\/strong><\/li>\n<li data-section-id=\"1log9yh\" data-start=\"4846\" data-end=\"4906\">Or just a <strong data-start=\"4858\" data-end=\"4906\">temporary relief rally in an uncertain cycle<\/strong><\/li>\n<\/ul>\n<p data-start=\"4908\" data-end=\"4985\">Position accordingly with conviction built on confirmation, not assumption.<\/p>\n<p data-start=\"4908\" data-end=\"4985\">Also Read: <a href=\"https:\/\/www.niftytrader.in\/markets\/nifty-24k-test-wipro-angelone-results\/\">Nifty\u2019s 24K Break Faces First Real Test \u2014 All Eyes on Wipro, Angel One Results<\/a><\/p>\n<h2 data-start=\"4908\" data-end=\"4985\">FAQs<\/h2>\n<h3 data-section-id=\"1kwqpbq\" data-start=\"182\" data-end=\"250\"><span role=\"text\"><strong data-start=\"186\" data-end=\"250\">1. Why did HDB Financial Services shares jump sharply today?<\/strong><\/span><\/h3>\n<p data-start=\"251\" data-end=\"553\">HDB Financial Services shares surged over 12% after reporting strong Q4 results, driven by margin expansion (NIM at 8.2%), stable asset quality, and a large \u20b932,825 crore fundraising plan. The rally reflects a positioning shift as traders reassess NBFC risk after better-than-expected earnings quality.<\/p>\n<hr data-start=\"555\" data-end=\"558\" \/>\n<h3 data-section-id=\"v1nvoc\" data-start=\"560\" data-end=\"630\"><span role=\"text\"><strong data-start=\"564\" data-end=\"630\">2. What were the key highlights of HDB Financial\u2019s Q4 results?<\/strong><\/span><\/h3>\n<p data-start=\"631\" data-end=\"906\">Key highlights include strong profit growth, NIM expansion to 8.2%, controlled credit costs, stable sequential asset quality, higher provisioning buffers, and a dividend announcement for FY26. The company also approved a large debt raise, signalling future growth confidence.<\/p>\n<hr data-start=\"908\" data-end=\"911\" \/>\n<h3 data-section-id=\"ctsv5b\" data-start=\"913\" data-end=\"984\"><span role=\"text\"><strong data-start=\"917\" data-end=\"984\">3. Is HDB Financial\u2019s asset quality improving or deteriorating?<\/strong><\/span><\/h3>\n<p data-start=\"985\" data-end=\"1222\">Asset quality shows mixed signals. While Gross NPAs rose slightly year-on-year to 2.44%, they improved sequentially. This suggests stress is currently under control but not fully resolved, creating uncertainty around future credit costs.<\/p>\n<hr data-start=\"1224\" data-end=\"1227\" \/>\n<h3 data-section-id=\"10gm111\" data-start=\"1229\" data-end=\"1294\"><span role=\"text\"><strong data-start=\"1233\" data-end=\"1294\">4. What does the \u20b932,825 crore fundraising plan indicate?<\/strong><\/span><\/h3>\n<p data-start=\"1295\" data-end=\"1524\">The fundraising plan signals aggressive balance sheet expansion and refinancing confidence. However, it also introduces forward risk, as higher borrowing makes the company more sensitive to liquidity conditions and funding costs.<\/p>\n<hr data-start=\"1526\" data-end=\"1529\" \/>\n<h3 data-section-id=\"7omwvt\" data-start=\"1531\" data-end=\"1587\"><span role=\"text\"><strong data-start=\"1535\" data-end=\"1587\">5. Is this rally a sign of NBFC sector recovery?<\/strong><\/span><\/h3>\n<p data-start=\"1588\" data-end=\"1799\">Not yet. The move suggests early signs of selective re-rating in high-quality NBFCs, but broader sector recovery depends on consistent earnings from peers and stability in asset quality across the lending space.<\/p>\n<hr data-start=\"1801\" data-end=\"1804\" \/>\n<h3 data-section-id=\"1fq2wov\" data-start=\"1806\" data-end=\"1873\"><span role=\"text\"><strong data-start=\"1810\" data-end=\"1873\">6. What should traders watch after HDB Financial\u2019s results?<\/strong><\/span><\/h3>\n<p data-start=\"1874\" data-end=\"2098\">Traders should monitor NBFC earnings trends, credit cost movements, funding cost pressures, and price action sustainability above key levels. Confirmation from other lenders will be critical for any broader sector re-rating.<\/p>\n<hr data-start=\"2100\" data-end=\"2103\" \/>\n<h3 data-section-id=\"19emp1y\" data-start=\"2105\" data-end=\"2175\"><span role=\"text\"><strong data-start=\"2109\" data-end=\"2175\">7. Why is margin expansion important in NBFC stocks right now?<\/strong><\/span><\/h3>\n<p data-start=\"2176\" data-end=\"2409\">Margin expansion is crucial because rising funding costs have been pressuring NBFC profitability. HDB\u2019s NIM expansion to 8.2% indicates pricing power and operational efficiency, which is a positive signal in a tightening environment.<\/p>\n<hr data-start=\"2411\" data-end=\"2414\" \/>\n<h3 data-section-id=\"1p1pfwl\" data-start=\"2416\" data-end=\"2467\"><span role=\"text\"><strong data-start=\"2420\" data-end=\"2467\">8. What are the key risks after this rally?<\/strong><\/span><\/h3>\n<p data-start=\"2468\" data-end=\"2693\">The main risks include potential deterioration in asset quality, rising credit costs, and liquidity tightening. If these factors worsen, the current rally could turn into a temporary relief move rather than a sustained trend.<\/p>\n<hr data-start=\"2695\" data-end=\"2698\" \/>\n<h3 data-section-id=\"1a0tfw6\" data-start=\"2700\" data-end=\"2763\"><span role=\"text\"><strong data-start=\"2704\" data-end=\"2763\">9. Is HDB Financial better positioned than other NBFCs?<\/strong><\/span><\/h3>\n<p data-start=\"2764\" data-end=\"2981\">HDB appears relatively better positioned due to its diversified loan mix and high secured loan share (~74%), which helps manage risk. However, sector-wide challenges still apply, and confirmation from peers is needed.<\/p>\n<hr data-start=\"2983\" data-end=\"2986\" \/>\n<h3 data-section-id=\"a0we1t\" data-start=\"2988\" data-end=\"3056\"><span role=\"text\"><strong data-start=\"2992\" data-end=\"3056\">10. What does this mean for short-term vs long-term traders?<\/strong><\/span><\/h3>\n<p data-start=\"3057\" data-end=\"3309\">Short-term traders may focus on momentum and breakout confirmation, while long-term participants should watch asset quality trends and funding conditions before building conviction. The current setup reflects opportunity, but with elevated uncertainty.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>HDB Financial Services saw a sharp 12%+ intraday surge to \u20b9724, a move that goes beyond a routine earnings reaction and points to a clear positioning shift in the NBFC space. The spike wasn\u2019t just driven by strong Q4 numbers; it reflected a market caught off guard by the quality of growth and margin resilience, [&hellip;]<\/p>\n","protected":false},"author":11,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[615],"tags":[],"ppma_author":[1523],"class_list":{"0":"post-24523","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stock-market-news"}," _eael_post_view_count":0,"authors":[{"term_id":1523,"user_id":11,"is_guest":0,"slug":"nikki","display_name":"Nikki Lodha","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/ae2e265bd56e0e890c866fbaa55d29846ba20cc5372adf666652268816af117e?s=96&d=mm&r=g","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/24523","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=24523"}],"version-history":[{"count":4,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/24523\/revisions"}],"predecessor-version":[{"id":24529,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/24523\/revisions\/24529"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/24525"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=24523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=24523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=24523"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=24523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}