New Delhi: HDFC Bank on Tuesday surpassed Tata Consultancy Services (TCS) to become the country’s second most valued company in terms of market valuation.
During the afternoon trade, the market capitalisation (m-cap) of HDFC Bank stood at Rs4,73,530.72 crore, which was Rs797.4 crore more than TCS’ Rs4,72,733.32 crore valuation.
Shares of HDFC Bank gained 0.93 percent to Rs1,840 — its 52-week high — on BSE. The scrip of TCS rose by 0.36 percent to Rs2,472.65.
Shares of HDFC Bank have surged nearly 53 percent so far this year, while that of TCS rose by nearly 5 percent.
Reliance Industries Ltd is the country’s most valued firm with a market cap of Rs5,33,818.72 crore followed by HDFC Bank, TCS, ITC (Rs3,35,993.75 crore) and HDFC Ltd (Rs2,84,580.02 crore) in top five list.
Updated Date: Sep 12, 2017 14:53 PM