BQ Blue ExclusiveWeak Communication By Management May Have Caused HDFC Bank's Market Fall—Exclusive
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Weak Communication By Management May Have Caused HDFC Bank's Market Fall—Exclusive
The key trigger for the sell off which led to over $11 billion erosion in the stock’s market cap is seen as the failure of the management to manage expectations.
A HDFC Bank branch in Mumbai. (Photo: Vijay Sartape/ NDTV Profit)
HDFC Bank Ltd. has witnessed unprecedented selling, especially from foreign portfolio investors. The key trigger for the sell-off, which led to over $11 billion in erosion in the stock’s market cap, is seen as the failure of the management to manage expectations.People in the know NDTV Profit spoke to said the management should have guided the investors to align them with the current realities. The focus of the investors should have ...