“Neutral on HDFC Bank, acknowledging the recent bounce offers some respite, aided by the CEO succession process and improving sentiment. However, sustained buying and a decisive breakout above the Rs 730–760 resistance zone are crucial for a move towards Rs 800. Future performance hinges on deposit growth, margins, asset quality, and management continuity.”

Ajit Mishra’s track record: 7 graded calls · 95% CI 8–64%