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HDFC Bank overtakes TCS to become 2nd most valuable company

LiveMint logoLiveMint 12-09-2017 PTI

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% to Rs1,840 — its 52-week high — on BSE. The scrip of TCS rose by 0.36% to Rs2,472.65.

Shares of HDFC Bank have surged nearly 53% so far this year, while that of TCS rose by nearly 5%.

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.

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