HDFC Bank shares rise over 1% as lender announces leadership changes
The stock touched an intraday high of ₹718.55 after opening nearly flat at ₹708.40, compared with its previous close of ₹708.70
On Thursday, HDFC Bank shares increased by more than 1 percent following the announcement of leadership changes at the private sector lender. V N Srivatsan was appointed as the new Chief Compliance Officer for a three-year term, effective January 4, 2027. In contrast, Sudhir Kumar Jha, the Group Head of Legal and Group General Counsel, resigned from his position on September 30, 2026. This move is part of a wider management overhaul aimed at strengthening the bank's governance frameworks.
The stock of HDFC Bank peaked at ₹718.55 during the day, up from an opening price of ₹708.40, compared to its previous close of ₹708.70. By 10:30 am, the shares were trading at ₹714 each. The private lender reported a total traded volume of 76.20 lakh shares, with a value of ₹544.29 crore. HDFC Bank's market capitalization is valued at ₹11.01 lakh crore, with a price-to-earnings (P/E) ratio of 13.64.
During the week, the bank's shares fell by 2.03 percent, yet they managed a slight gain of 0.31 percent over the month. Year-to-date, the stock has declined by 27.95 percent.
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