HDFC Bank shares to be in focus today. Here's why
India Today
Global brokerage JPMorgan has maintained a "neutral" rating on the stock with a price target of Rs 1,090. HDFC Bank stock is already trading near its 52-week low, adding to weak sentiment around the counter.
Shares of HDFC Bank are likely to remain under pressure on Thursday after the sudden resignation of its part-time Chairman and independent director Atanu Chakraborty, along with concerns around management stability and broader market conditions.
The development comes at a time when the stock is already trading near its 52-week low, adding to weak sentiment around the counter.
The bank informed exchanges that Atanu Chakraborty resigned from his position on March 18, 2026, with immediate effect.
In his resignation letter, Chakraborty said that certain developments within the bank over the past two years were not in line with his personal values and ethics.
“Certain happenings and practices within the bank, that I have observed over last two years, are not in congruence with my personal Values and Ethics. This is the basis of my aforementioned decision,” he wrote.
The bank also clarified that there were no other reasons for his resignation apart from those mentioned in the letter.
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