HDFC Bank shares steady as Bagchi takes charge as MD & CEO
The stock remains under significant pressure, down 30.45 per cent year-to-date against the Nifty 50’s 12.86 per cent decline
HDFC Bank shares experienced a slight increase on Tuesday, trading at ₹688.70 on the NSE at 10:10 am, marking a 0.09% rise from Monday's closing price of ₹688.05. The buying orders outnumbered selling orders by a narrow margin of 50.76% to 49.24%, resulting in a relatively stable trading session compared to Monday's more volatile activity.
This modest recovery is aligned with the formal disclosure made by the bank to BSE and NSE, confirming that Sashidhar Jagdishan stepped down as the Managing Director and Chief Executive Officer on October 26, 2026, after completing his term. Anup Bagchi officially took on the roles of MD and CEO starting from October 27, 2026. Despite the marginal gain, HDFC Bank's stock has faced significant challenges, declining by 30.45% year-to-date, whereas the Nifty 50 has fallen by 12.86% over the same period.
Currently, the stock's price-to-earnings (P/E) ratio is 13.25. The 52-week low of ₹681.90, hit on September 11, 2026, remains a key level to watch, as the stock's near-term performance is largely dependent on Anup Bagchi's initial actions as the bank's new leader.
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