- AT 3.6%, NIM IS AT LOWEST LEVEL
SHARES OF HDFC Bank plunged 8.5% on Wednesday, its biggest decline in more than three years, eroding nearly ₹1.08-trillion investor wealth as its market capitalisation fell to ₹11.7 trillion, after the third quarter earnings of the country's largest private bank disappointed the Street.
The stock tanked 8.46% to settle at ₹1,536.90 on the BSE. During the day, it plunged 9% to ₹1,527.25. It fell by 8.15% to close at ₹1,542.15 on the NSE. It was the biggest laggard among the Sensex and Nifty firms.
The stock dragged the banking index down, as it contributed 46% or 1,017 points to the fall in the BSE Bankex, which fell 2,177 points.
Selling was also seen in other bank counters, with Kotak Mahindra Bank, Axis Bank, ICICI Bank, State Bank of India and IndusInd Bank, ending in the red.
Diese Geschichte stammt aus der January 18, 2024-Ausgabe von Financial Express Mumbai.
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Diese Geschichte stammt aus der January 18, 2024-Ausgabe von Financial Express Mumbai.
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