Broker call▲ Bullish for HDFC Bank
HDFC Bank gets new MD-CEO; stock is Jefferies India's top pick — 22% upside despite 27% dip in YTD | Target price, ratio
The brief
- Jefferies names HDFC Bank its top pick, citing 22% upside despite a 27% year-to-date share-price decline
- Jefferies’ bullish call supports sentiment on HDFC Bank shares
- Who is Anup Bagchi? 5 things to know about HDFC Bank's new CEO, career, salary and experience
- HDFC Bank succession settled; execution test awaits new CEO Anup Bagchi
- ICICI Life's Q2 results to mark Anup Bagchi's swansong at ICICI Group
- As HDFC Bank names Anup Bagchi as CEO, here's how bank stocks fared after past CEO changes - Yes Bank, RBL to IndusInd
- ICICI Prudential Life names Siddhartha Mishra MD & CEO as Anup Bagchi steps down
HDFC Bank leadership change and share performance
HDFC Bank shares fell around 15% since March amid leadership upheaval, before Anup Bagchi was appointed CEO, providing hope for the stock. The bank accounts for around 11% to 13% of the Nifty 50 and 12.50% of the Sensex.
Sunday, 4 October
- HDFC Bank gets new MD-CEO; stock is Jefferies India's top pick — 22% upside despite 27% dip in YTD | Target price, ratio