"HDFC Bank Suffers Steepest Decline in 4 Years on Disappointing Q3 Results"

1 min read
Source: Bloomberg
"HDFC Bank Suffers Steepest Decline in 4 Years on Disappointing Q3 Results"
Photo: Bloomberg
TL;DR

HDFC Bank's shares plunged by 8.4%, the most in over three years, following the release of disappointing earnings, signaling a slowdown in growth and erasing $13 billion in market value, which also led to the main NSE Nifty 50 Index experiencing its largest slump since June 2022.

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