HDFC BANK SHARES FALL FOR THIRD DAY IN A ROW

Shares of HDFC Bank fell for the third day in a row on Friday, tumbling over 12 per cent, with its market capitalisation (mcap) eroding by Rs 1.58 lakh crore. Investors continued to desert the counter after the company's December quarter earnings failed to impress the market. The stock declined 1.08 per cent to settle at Rs 1,470.70 on the BSE. During the day, it fell by 1.19 per cent to Rs 1,469. On the NSE, it fell 0.75 per cent to Rs 1,474.90.

In three days, the stock has tumbled 12.40 per cent, wiping out Rs 1,58,113.49 crore from its market valuation. The company's market valuation on Friday stood at Rs 11,16,626.73 crore.

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