HDFC Bank share price crashes to new low after Chairman’s exit; stock tumbles nearly 9% – Markets

HDFC Bank share price crashes to new low after Chairman’s exit; stock tumbles nearly 9% - Markets


HDFC Bank’s share price tumbled 8.6 per cent on Thursday to hit a fresh 52-week low of Rs 770, as investor sentiment weakened following the resignation of part-time Chairman Atanu Chakraborty. The stock came under sharp selling pressure after Chakraborty stepped down, citing concerns over certain internal developments that he said were not in alignment with his personal values and ethics, triggering governance-related worries around the country’s largest private lender.



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