Brokerages see 25-74% upside for HDFC Bank after Anup Bagchi appointment

economictimes.indiatimes.com —

Brokerages project a 25-74% upside for HDFC Bank shares following Anup Bagchi's appointment as CEO, aiming to restore investor confidence after prolonged underperformance. Price targets from five brokerages are based on Monday's closing price of Rs 705, though analysts stress that Bagchi's strategy, management continuity, and execution will be critical to achieving these gains. HDFC Bank shares initially rose 2.1% in early trade but reversed to close 2% lower on Monday, highlighting market caution despite the positive outlook.


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