HDFC Bank shares rise 2% after appointing Anup Bagchi as new CEO, Q2 biz update. Buy, sell or hold?

HDFC Bank shares rose after Anup Bagchi was appointed as the bank’s new MD & CEO, ending months of uncertainty over its top leadership. Brokerages Jefferies, Morgan Stanley and Citi retained positive ratings on the stock, citing clarity on succession and potential for a re-rating. The bank also reported strong loan and deposit growth in Q2.

from Economic Times https://ift.tt/9fHgM5m