Business Desk – HDFC Bank Share Target: Shares of HDFC Bank, the country's largest private sector bank, are in focus these days. The reason is the ongoing process for the appointment of the next MD and CEO of the bank. The bank has sent two names to RBI for the new CEO. The tenure of current CEO Shashidhar Jagadishan is to end on 26 October 2026.

Jefferies, Nomura, Bernstein and Macquarie have maintained a positive stance on HDFC Bank shares as the CEO succession process moves ahead. The target prices of these brokerages range from Rs 880 to Rs 1,150. The highest target of Rs 1,150 has been given by Bernstein and Macquarie.

Jefferies' target of Rs 880

Jefferies has given a target price of Rs 880 while maintaining Buy rating on HDFC Bank. According to the brokerage, the board has expedited the CEO succession process and sent two names to the RBI for a three-year tenure.

The brokerage has named Deputy Managing Director Kaizad Bharucha as its leading internal candidate. Jefferies says that if the new CEO is confirmed before October 26, the uncertainty regarding leadership and concerns about business growth may be reduced.

Nomura: Internal or external CEO will change the picture

Nomura has given a target of Rs 950 with Buy rating on HDFC Bank. According to the brokerage, the appointment of an internal CEO can maintain continuity in the functioning of the bank, while an external candidate may get more scope for changes in the bank's strategy.

That means the market will not only keep an eye on the name of the CEO, but will also keep an eye on the bank's Growth, Deposits, Margins and Returns strategy after his arrival.

Bernstein gave a target of Rs 1,150

Bernstein has given a target price of Rs 1,150 while maintaining Outperform rating on HDFC Bank. According to the brokerage, the timing of CEO succession is important, as the bank has already sent two names to the RBI before the end of the tenure of the current CEO.

The bank board has also proposed to appoint Jimmy Tata as whole-time director and create an additional whole-time director post. This will increase the number of whole-time directors on the board to four and can strengthen long-term succession planning.

Macquarie also bullish at Rs 1,150

Macquarie has also given a target of Rs 1,150 on HDFC Bank with Outperform rating. According to the brokerage, the recent action of the board has increased some confidence regarding CEO succession, but the real important step will be the final appointment of the new CEO.

The brokerage believes that an additional whole-time director will strengthen the senior management of the bank and can help in institutionalizing succession planning.

What will happen next now?

The market is keeping an eye on which of the two names sent by HDFC Bank to RBI gets approval. The tenure of the current CEO of the bank Shashidhar Jagadishan will end on October 26. In such a situation, the announcement of new leadership can be an important development for the stock in the coming times.

Keep in mind that brokerage target prices are estimates, not guarantees. The actual performance of the stock will depend on many factors including market conditions, the bank's growth, profits and the new management strategy.