The stock has slipped 6% to Rs 185.45 and trades at its lowest level since April 2020.
Analysts expect the underperformance in bank stocks to continue ahead as the current fears around the banking sector globally are likely to persist for some time
Higher provisions for stressed loans also pushed its credit cost up to 6.4% in the quarter from 3.7% a year earlier
Market participants usually opt for mid-cap or small-cap stocks. But, if one fails to pick the right stock, investment in such stocks can result into huge losses
Here's how key constituents of the Nifty Bank index look on the charts.
Consensus target price for these stocks well above current market price
Analysts believe that though balance sheet restructuring in progress, the operationally weak performance and uncertainty on stressed pool remains an overhang