Shares of Bank of Baroda fell on profit miss and asset quality deterioration.

The stock fell as much as 7.2 per cent in its biggest loss since November 21, 2016.

Shares of India’s second-biggest state-run lender hit their lowest since February 2.

The bank had posted a lower-than-expected Q3 profit on Friday.

Bad loan additions inched up in December quarter, while overall stress portfolio rose to 12.3 per cent.

“Loan growth remains weak,” analysts at Jefferies wrote, adding that the downside risks to the stock were asset quality deterioration, net interest margin compression and growth slowdown.

As of Friday’s close, the stock had risen about 23 per cent so far this year.