Shares of Kotak Mahindra Bank on Monday dropped nearly 7 per cent after its September quarter earnings failed to impress investors. The stock declined by 6.63 per cent to Rs 1,743 per share on the BSE after a weak start to trading. On the NSE, it slumped by 6.73 per cent to Rs 1,745.10 per share. As per PTI, this led to a significant loss in market valuation.

The market valuation of the company eroded by Rs 24,801.79 crore, bringing it down to Rs 3,46,936.88 crore. According to PTI, the stock was the biggest laggard among BSE Sensex firms during morning trade.