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HDFC Bank overtakes Tata Consultancy Services to become 2nd most valuable company

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.

HDFC Bank. Reuters

HDFC Bank. Reuters

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

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