NEW DELHI: Shares of HDFC Financial institution 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. Traders continued to abandon the counter after the corporate’s December quarter earnings didn’t impress the market. The inventory declined 1.08 per cent to settle at Rs 1,470.70 on the BSE. In the course of 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 inventory has tumbled 12.40 per cent, wiping out Rs 1,58,113.49 crore from its market valuation. The corporate’s market valuation on Friday stood at Rs 11,16,626.73 crore.
Shares of HDFC Financial institution fell over 8 per cent on Wednesday and declined over 3 per cent on Thursday.
HDFC Financial institution, on Tuesday, reported a 2.65 per cent rise in consolidated web revenue of Rs 17,258 crore for the October-December interval towards Rs 16,811 crore within the previous September quarter.
The most important personal sector lender, which merged mortgage lender father or mother HDFC into itself in July, reported a web revenue of Rs 16,372 crore towards Rs 15,976 crore within the quarter-ago interval on a standalone foundation.
Its core web curiosity revenue grew to Rs 28,470 crore in the course of the quarter, whereas the opposite revenue stood at Rs 11,140 crore.
In three days, the inventory has tumbled 12.40 per cent, wiping out Rs 1,58,113.49 crore from its market valuation. The corporate’s market valuation on Friday stood at Rs 11,16,626.73 crore.
Shares of HDFC Financial institution fell over 8 per cent on Wednesday and declined over 3 per cent on Thursday.
HDFC Financial institution, on Tuesday, reported a 2.65 per cent rise in consolidated web revenue of Rs 17,258 crore for the October-December interval towards Rs 16,811 crore within the previous September quarter.
The most important personal sector lender, which merged mortgage lender father or mother HDFC into itself in July, reported a web revenue of Rs 16,372 crore towards Rs 15,976 crore within the quarter-ago interval on a standalone foundation.
Its core web curiosity revenue grew to Rs 28,470 crore in the course of the quarter, whereas the opposite revenue stood at Rs 11,140 crore.
