Monday, 5 October 2026Updated 18m ago
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Market move▼ Bearish for HDFC Bank

HDFC Bank shares remain weak after Anup Bagchi’s CEO appointment

2 sources · first seen 11:04 5 Oct · updated 11:36 5 Oct

The brief

Written from 2 reports · check the source before you trade
  • The stock is down 25% so far in 2026
  • Technical analysts cite support near ₹680 and resistance levels
  • Continued weakness matters for HDFC Bank investors and Indian private-bank valuations

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HDFC Bank₹721.20 · 26 todayAnup Bagchi9 todayPrivate banks20 todayBanks51 today

Linked by the tag Anup Bagchi

25 stories this week
  1. 5 OctNifty’s ailing warhorse HDFC Bank gets an all-rounder CEO. Can Anup Bagchi make the elephant dance?Leadership · 1 source · Anup Bagchi takes charge as HDFC Bank CEO
  2. 5 OctHDFC Bank replaces ICICI Bank as top sector pick, says GreenEdge Wealth’s Digant HariaBroker call · 1 source · GreenEdge Wealth’s Digant Haria prefers HDFC Bank over ICICI Bank at current valuations
  3. 5 OctSensex rallies over 600 points as Indian markets rebound after eight weeks of declinesMarket move · 3 sources · Sensex gained over 600 points, or nearly 1%, to an intraday high of 72,540
  4. 5 OctHDFC Bank appoints Anup Bagchi as next managing director and CEOMarket move · 5 sources · Bagchi is an ICICI Group veteran
  5. 5 OctAnup Bagchi named HDFC Bank CEO; shares rise nearly 2%Leadership · 8 sources · Shares rose to ₹734.20 in early trade from a previous close of ₹721.20
All Anup Bagchi stories →
Part of a developing story9 updates over 4 days

HDFC Bank leadership change and share performance

HDFC Bank shares fell about 15% since March and were reported down 25–27% year to date, amid slowing growth, low margins and succession uncertainty. Anup Bagchi’s appointment as CEO-MD was welcomed by brokerages, with Jefferies naming the bank its top pick and citing 22% upside.

Monday, 5 October

  1. 2 sourcesYou are here
    HDFC Bank shares remain weak after Anup Bagchi’s CEO appointment
  2. Buzzing Stocks: HDFC Bank gains 2% on MD & CEO appointment; D-Mart slips 3% as Citi retains 'sell' rating
  3. 2 sources
    Buy HDFC Bank; target of Rs 950: Prabhudas Lilladher
  4. Anup Bagchi's Appointment Removes Key Overhang For HDFC Bank Stock, Supports Re-Rating, Say Brokerages
  5. HDFC Bank share price targets: What Jefferies, Nomura, Morgan Stanley say as Anup Bagchi named CEO
  6. HDFC Bank new leadership to focus on three-pronged strategy: Exclusive

Sunday, 4 October

  1. HDFC Bank gets new MD-CEO; stock is Jefferies India's top pick — 22% upside despite 27% dip in YTD | Target price, ratio

See all 9 updates →

Read the reports

2 reports · earliest 11:04
Business StandardHDFC Bank gets new CEO: Stock down 25% thus far in 2026; what charts say?11:04Economic TimesHow to trade HDFC Bank shares after new CEO appointment? Technical indicators still signal weakness11:36