HDFC Bank shares shed early gains, end over 2% lower
AI Summary
The recent decline in HDFC Bank's share price, despite early gains, reflects a market reaction to profit-taking amidst leadership changes. Anup Bagchi's appointment as CEO brings both a wealth of experience and significant challenges, particularly in enhancing core income and addressing governance concerns. Investors should closely monitor how Bagchi navigates these issues, as they could impact the bank's performance and investor sentiment in the coming months.
Shares of HDFC Bank gave up early gains and ended over 2 per cent lower on Monday amid profit-taking.
The blue-chip stock closed at ₹705, down 1.99 per cent on the BSE. Earlier in the day, it had climbed 2 per cent to ₹734.
Original Article
Published on Hindu BusinessLine
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This is a market news update from Hindu BusinessLine, published on 05 October 2026.
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