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'Good Days Ahead': HDFC Bank Sources Say Anup Bagchi Brings The Hands-On Execution Missing Earlier

HDFC Bank secured new business.

· NDTV Profit

HDFC Bank sources say Bagchi’s retail, technology and execution experience will be key as the lender enters a new leadership phase.

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.

  • The company directly in focus is HDFCBANK.
  • Sector exposure: Banks.