New Delhi, Nov. 5 -- HDFC Bank shares have gained 10.21% over the past week and 7.09% over the past month, signalling a pickup in buying interest. The stock has risen 8.89% over the past two weeks, but remains down 23.80% year-to-date and 23.36% over the past year, indicating that the recent recovery has yet to reverse its broader underperformance.

Investors are now assessing whether the rally can sustain, with the new CEO's strategy and improving fundamentals emerging as key triggers.

The focus remains on loan and deposit growth, net interest margins, asset quality and the normalisation of the credit-deposit ratio following the HDFC merger. Can the leadership transition and a recovery in operating performance support a sustained rerati...