HDFC Bank share price rises: Targets by UBS, Bernstein, Jefferies, Morgan Stanley

HDFC Bank shares were trading 2.02 per cent higher at Rs 734.55 apiece. A few analysts said they saw the development coming, as a term extension for Jagdishan would have been difficult amid governance lapses.

HDFC Bank's Managing Director, Sashidhar Jagdishan, has opted against reappointment, prompting brokerages to uphold their positive stance on the bank's stock. In light of this announcement, the board has hastened efforts to find a suitable successor. Analysts appreciate this…