HDFC Bank CEO-designate Bagchi to meet customers, regulators before taking over
HDFC Bank secured new business with 27 October in focus.
· LiveMint Companies, Business Today Mkts
Anup Bagchi, who is set to take over the reins of HDFC Bank on 27 October, said he had been at the bank for a few days and knows many of the teams.
Key facts
- Dates in focus
- 27 October
The analysis
Against that, the stock is +0.3% on the day at ₹728.85, and has returned -9.8% over three months. It sits 28% below its 52-week high, which means a good deal of bad news was already in the price. The banks sector has moved -3.1% over the same period, so HDFC Bank is running 6.7 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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