HDFC Bank stock gains as CEO search supports shares

Published on 09/22/2026 at 08:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HDFC Bank stock rose 0.9 percent to INR 746.50 on September 22, 2026, while Nomura kept a INR 950 target. The bank's market value reached INR 11.4 lakh crore.

HDB, US40415F1012, Illustration mit AI erstellt.

HDFC Bank (ISIN US40415F1012) stock rose 0.9 percent to INR 746.50 in early trading on September 22, 2026, as the search for a new managing director and chief executive officer provided the immediate market catalyst. TradingView reported the move on September 22, 2026, citing progress in the succession process.

CEO search supports the shares

The early gain extended a 1.16 percent advance recorded on September 21, 2026, when HDFC Bank closed at INR 739.50 on the NSE. The two-session comparison matters because the stock had closed at INR 708.25 on September 11, putting the September 22 level more than 5 percent above that reference point.

The market response is tied to leadership visibility rather than a newly reported earnings figure. TradingView said Anup Bagchi was viewed as a leading candidate and reported that Nomura maintained a Buy rating with a INR 950 price target in the week before September 22, 2026.

Valuation remains below the yearly peak

At INR 746.50, the stock remained below its 52-week high of INR 1,020.50 and above its 52-week low of INR 681.90, according to dated market data for September 21, 2026. The gap to the high was INR 274.00, or 26.8 percent based on those figures.

Market capitalization was approximately INR 11.4 lakh crore on September 22, 2026. That scale makes the CEO decision material for the valuation discussion: the succession process affects confidence in strategic continuity, while the INR 950 Nomura target sits INR 203.50 above the reported early-trading price.

HDFC Bank stock trades at INR 746.50

HDFC Bank stock traded at INR 746.50 on the NSE in early trading on September 22, 2026, up 0.9 percent from the prior session's close cited by TradingView. The next market checkpoint is whether leadership clarity can sustain the recovery from INR 708.25 without relying solely on succession headlines.