Anup Bagchi Emerges As Front-Runner For HDFC Bank MD And CEO: Sources
HDFC Bank secured new business.
· NDTV Profit, ET Stocks, Economic Times Markets
Anup Bagchi, a seasoned ICICI Group veteran, has emerged as the leading contender to take the helm at HDFC Bank as its next Managing Director and Chief Executive Officer, sources told NDTV Profit.
The analysis
Against that, the stock is -1.5% on the day at ₹692.20, and has returned -14.6% over three months. It sits 31% below its 52-week high, which means a good deal of bad news was already in the price. The banks sector has moved -1.7% over the same period, so HDFC Bank is running 12.9 points behind its peers.
For HDFC Bank, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Market context
- The company directly in focus is HDFCBANK.
- Sector exposure: Banks.
In this story
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