HDFC Bank stock slips as CEO succession weighs on sentiment

HDFC Bank stock (US40415F1012) traded at INR 715.10 on September 17, 2026, with a market capitalization of INR 11,01,728.45 crore and a 52-week range from INR 681.90 to INR 1,020.50. The shares were down 0.89 percent in midday trading on NSE.

CEO transition hits the tape

As The Economic Times reported on September 17, 2026, HDFC Bank is in focus after it submitted two CEO candidates to the RBI as part of its succession process. The report said leadership clarity is being watched as a possible re-rating trigger.

According to The Economic Times, Jefferies kept a Buy rating on HDFC Bank and cut its target price to INR 880 from INR 1,050 after CEO Sashidhar Jagdishan decided not to seek reappointment. The same report said Nomura, Bernstein and Macquarie still see upside, with targets between INR 880 and INR 1,150.

Trading stays weak

The stock ended the previous session at INR 721.50 and traded between INR 713.10 and INR 719.05 on September 17, 2026, according to The Hindu BusinessLine. The same report put traded volume at 96.89 lakh shares and market capitalization at INR 11.03 lakh crore.

For investors, the key number is the distance to the 52-week low of INR 681.90, which leaves the stock only 4.9 percent above that level. On the other side, the 52-week high of INR 1,020.50 from October 23, 2025 remains far away.

Price and setup

HDFC Bank stock remained at INR 715.10 on September 17, 2026, with the session low at INR 713.10 and a volume of 96.89 lakh shares. The stock was still down 26 percent over one year, even after a 3 percent rise over the past week.

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