HDFC Bank shares stay weak after CEO appointment
In short
HDFC Bank shares stayed weak even after a relief rally when Anup Bagchi was named CEO. Analysts said the stock may face resistance near Rs 755–760 and support near Rs 685–680.
The stock is down 28% in 2026, while the Nifty 50 is down 14% this year. It is not stated in the available reporting whether the appointment changes the bank’s longer-term outlook.
What the reporting says
HDFC Bank shares remained under pressure despite a relief rally after the appointment of Anup Bagchi as CEO. Technical analysts cited resistance around Rs 755–760 and support at Rs 685–680, while the stock has fallen 28% in 2026 and underperformed the Nifty 50, which is down 14% this year. The immediate question is whether the rebound can hold; the reporting does not state any fundamental change beyond the appointment.
Why it matters
HDFC Bank shares rose briefly after Anup Bagchi was appointed CEO, but technical indicators still point to weakness. The stock has fallen 28% in 2026, versus a 14% decline for the Nifty 50 this year, and analysts are watching resistance at Rs 755–760 and support at Rs 685–680. The report does not give any new business or earnings update beyond the leadership change.