HDFC Bank New MD Anup Bagchi Calls For More Work On Balance Sheet, Integration Work Largely Done
HDFC Bank secured new business.
· NDTV Profit, Economic Times Markets, ET Stocks
HDFC Bank is in the middle of a leadership transition that will see ICICI Group veteran Anup Bagchi taking over as managing director.
The analysis
Against that, the stock is +1.4% on the day at ₹692.80, and has returned -8.1% over three months. It sits 31% below its 52-week high, which means a good deal of bad news was already in the price. The banks sector has moved -6.0% over the same period, so HDFC Bank is running 2.1 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
- In focus: HDFC Bank (HDFCBANK), in Banks.
- On the day, 2 of 2 are higher: HDFC Bank leads at +1.4% and ICICI Bank trails at +0.8%.
- Over three months: HDFC Bank -8.1% against Banks -6.0% (2.1 points behind); ICICI Bank -2.5% against Banks -6.0% (3.5 points ahead).
- At least 25% below the 52-week high: HDFC Bank (31%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| HDFC BankHDFCBANK · Banks | ₹692.80 | +1.4% | -2.2% | -8.1% | -31.4% | 0.7× | — |
| ICICI BankICICIBANK · Banks | ₹1,398.00 | +0.8% | +5.8% | -2.5% | -4.4% | 0.9× | — |
Banks
1M -3.4% · 3M -6.0%
HDFC Bank, ICICI Bank
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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