HDFC Bank shares hover 52-week low ahead of CEO handover on Monday

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SENSEX 72,562.65

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NIFTY 22,409.65

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CRUDEOIL 9,584.00

+ 100.00

GOLD 142,448.00

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Despite the recent setbacks, HDFC Bank stock’s near-term focus now shifts as the new chief executive, Anup Bagchi succeeds Sashidhar Jagdishan on Monday, October 27

By Anupama Ghosh

Updated - October 23, 2026 at 01:04 PM.

HDFC Bank shares stabilised Friday, trading marginally lower at ₹693.15, down just 0.13 per cent on the NSE. | Photo Credit: SHAILESH ANDRADE

HDFC Bank shares stabilised Friday, trading marginally lower at ₹693.15, down just 0.13 per cent on the NSE by afternoon, as buyers returned to slightly outnumber sellers for the first time this week. The relative calm follows back-to-back sessions of sharp declines driven by the media report of an internal leak investigation involving two senior executives.

The stock’s near-term focus now shifts to Monday, October 27, when Anup Bagchi formally assumes the role of Chief Executive, succeeding Sashidhar Jagdishan who is stepping down after six years. Bagchi, a veteran of the ICICI Group, takes charge amid an active internal probe, a leadership vacuum at the top, and a stock that has lost roughly 30 per cent year-to-date. Deputy Managing Director Kaizad Bharucha’s scheduled exit by December adds another variable to the transition.

In a grim coincidence of timing, today marks exactly one year since HDFC Bank’s 52-week high of ₹1,020.50, recorded on October 23, 2025. The stock currently trades at ₹693.15, representing a decline of nearly 32 per cent from that peak, and sits uncomfortably close to its 52-week low of ₹681.90 touched on September 11, 2026.

Buy orders accounted for 54.36 per cent of total quantity traded Friday, a reversal from Thursday’s seller-dominated session, though volumes at 108.46 lakh shares were notably lighter. The P/E ratio has compressed further to 13.36. Bank Nifty remained rangebound near 54,966, with resistance at 55,200 capping any meaningful recovery in the banking index. Whether Bagchi’s arrival next week provides a sentiment reset remains the key question heading into the weekend.

Published on October 23, 2026

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