Why HDFC Bank shares rose 3% today, leading Nifty 50? CEO Sashidhar Jagdishan exit, succession plans in focus
HDFC Bank shares surged nearly 3% on Monday following news that CEO Sashidhar Jagdishan would not seek reappointment when his current term ends in late October. The stock rose to ₹739.75 from the previous close of ₹720.30 before paring gains, with total traded volume standing at 264.19 lakh shares and a traded value of ₹1,937.67 crore. Reports suggest that the HDFC Bank board is considering former SBI Chairman Dinesh Khara as the next MD and CEO, with other current SBI MDs also being considered as likely candidates.
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