The reason for the sharp fall in the stock couldn’t be ascertained at the time of filing this report. However, the private sector lender has been struggling with rising bad loans at a time when most of its peers, including the public sector ones, have shown sharp improvement in asset quality.
Citi bullish on Indian equities, sees Nifty at 28,000 by end-2027
Citi Research projects that India’s benchmark Nifty 50 index could hit 28,000 points by the end of 2027. This forecast is based on strong earnings
November 9, 2026