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More pain ahead? HDFC Bank ADRs slump 8% after leading a carnage on D-Street
The stock recorded its biggest fall on D-Street in over two years, leaving a dent of Rs 1 lakh crore after the company's third-quarter results failed to impress investors. Following the disappointment in December quarter results, a number of brokerages have reduced their target prices. However, it remains a top buy in the long term for many.