HDFC Bank Share Price Today: HDFC Bank shares on Tuesday (March 24) snapped their four day losing streak after the lender appointed a law firm to review chairman Atanu Chakraborty's surprise resignation.
HDFC Bank shares opened in the green at Rs 755 on the NSE and went on to make an intraday high of Rs 759.70, up as much as 2 per cent.
Around 11:30 AM, HDFC Bank shares were trading near the day's high at Rs 757 with 2.3 crore equities changing hands.
HDFC Bank shares today gained after four days of consecutive fall, during which it cracked 12 per cent. The private sector bank's market capitalisation was wiped out by more than Rs 1 lakh crore in the sell-off.
HDFC Bank shares are currently trading lower than all the key moving averages -- 5-day, 20-day, 50-day, 100-day and 200-day.
HDFC Bank Crisis
In an exchange filing today morning, HDFC Bank said that Chakraborty did not mention any happenings and practices which were not in congruence with his personal values and ethics.
The bank said that "to reinforce the robust governance standards of the Bank, the Board of Directors of the Bank at its meeting held on March 23, 2026, took a proactive step and approved the appointment of external law firms(domestic and international), to conduct review regarding Chakraborty’s resignation letter."
“The said law firms have been advised to provide their report on the same within a reasonable period of time,” the filing said.
Chakraborty had resigned last week, citing concerns about values and ethics, which led to widespread worries about governance at the systemically important bank and a sharp correction in its stock prices as investors became wary.
HDFC Bank Share Price Target
Meanwhile, brokerage firm Sharekhan has recommended BUY rating on HDFC Bank shares for a target price of Rs 1,025.
Sharekhan said that the sudden exit and restructuring of top management will weigh in on the stock in the near term, while core financials remain healthy. Investors will closely monitor the appointment of a permanent Chairman and reappointment of the MD & CEO.
“We slightly reduce our core bank multiple to 2xFY28 BV leading to revised price target of Rs 1,025, maintain our BUY rating,” the brokerage said.
HDFC Bank is the country’s largest private sector lender and is the second most valued listed firm.
