BusinessHDFC Bank Appoints New MD-CEO; Jefferies Predicts 22% Stock Upside
HDFC Bank shares have fallen over 27% year-to-date and slipped 6% in the last six months. However, following the appointment of Anup Bagchi as the new MD and CEO, the stock has gained over 2% in the past month. Jefferies India rates HDFC Bank as a 'buy,' forecasting a 22% upside and around 25% upside for its ADR, targeting $28 per ADR, citing management clarity and strategic direction.
Mint Markets·




