Analysts at Kotak Institutional Equities believe the rate hike cycle poses limited risk for banks, given healthy balance sheets, tighter underwriting standards and stronger borrower fundamentals.
At 10:31 AM on Wednesday, the Nifty Bank, Nifty Private Bank, Nifty PSU Bank and Nifty Financial Services traded up to 1% higher; while, the Nifty Auto and Nifty Realty remained in negative zone.
The Nifty Private Bank index advanced over 1%, while the Bank Nifty and Nifty PSU Bank index rose 0.6% and 0.3% respectively on Tuesday, a day ahead of the RBI policy decision.
HDFC Bank shares have significantly underperformed peers over the last few years. The stock price has declined by 25 per cent in the past one year and 8 per cent in the past five years.
Analysts at Motilal Oswal Financial Services (MOFSL) said Bagchi's appointment removes a key overhang around HDFC Bank's leadership succession.
Stocks to watch today: HDFC Bank has appointed ICICI Group veteran Anup Bagchi as its next managing director and chief executive officer (MD & CEO).
HDFC Bank remains among the worst-hit Nifty 50 stocks this year, having lost 27 per cent on a year-to-date (YTD) basis.
HDFC Bank has been among the worst-performing Nifty 50 stocks this year, having lost 25.15 per cent on a year-to-date basis.
HDFC Bank has submitted two names for the CEO position as Sashidhar Jagdishan prepares to step down, easing investor concerns over succession at the lender
uesday's gain marked the stock's biggest single-day surge in more than two months, with the last comparable jump recorded on July 6.
When a stock becomes oversold, it does not automatically mean it is a good time to buy, cautions Pabitro Mukherjee, Deputy Vice President-Research at Bajaj Broking.
HDFC Bank's weighting in the Nifty 50 has fallen to 9.81 per cent, narrowly ahead of ICICI Bank, as the CEO's exit and governance concerns deepen the lender's sell-off
SIPs have been marketed as a product that can deliver 12 per cent, 14 per cent and other such fantastical figures. These claims are made by people who have a vested interest in saying so, Sharma said.
PVR Inox approved a buyback of up to 20,68,965 fully paid-up equity shares at ₹1,450 per share, for an aggregate amount of up to ₹300 crore.
"Jagdishan's decision is incrementally positive as it removes one binary uncertainty," analysts at Nomura said in a note post the development.
Analysts at Jefferies believe that uncertainty can drag EPS & valuations, but after a 27% fall year-to-date at 1.5x PB, the risk-reward for HDFC Bank stock seems balanced.
Analysts said that the rise in DIIs' stake in HDFC Bank was backed by sustained buying from mutual funds. The overall MF holdings increased to 26.5% in June 2026, from 22.5% in the Sept 2025 quarter
Stocks to watch today: HDFC Bank's shares will remain in focus after bank's MD & CEO, Sashidhar Jagdishan, decided not to seek reappointment.
Improving NIMs, which hit record low in Q1, a key medium-term trigger
Stocks to watch today: IT services major HCLTech said it had collaborated with chemicals and biotechnology company Wacker Chemie to set up its global capability centre (GCC) in Pune.