HDFC Bank shares rise 2% after appointing Anup Bagchi as new CEO, Q2 biz update. Buy, sell or hold?
HDFC Bank shares rose after Anup Bagchi was appointed as the bank’s new MD & CEO, ending months of uncertainty over its top leadership. Brokerages Jefferies, Morgan Stanley and Citi retained positive ratings on the stock, citing clarity on succession and potential for a re-rating. The bank also reported strong loan and deposit growth in Q2.
We haven't written up this one. The Economic Times - Top News has the full story — the link below goes straight to it.
Also reported by 2 other outlets
- Yes Bank shares rise 3% after Q2 business update shows loans surging 24% YoY, deposits up 20% economictimes.indiatimes.com
- HDFC Bank mobilises over ₹1.5 trillion in deposits in September quarter business-standard.com
