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HDFC Bank Pips TCS To Become Second Valuable Company

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HDFC Bank in today's trade has piped TCS to become the second most valuable company in respect of market capitalization or m-cap when in afternoon trading session it reached Rs4,73,530.72 crore higher by Rs797.4 crore in comparsion to TCS m-cap of Rs 4,72,733.32 crore.

HDFC Bank Pips TCS To Become Second Valuable Company
 

In trade today, HDFC Bank gained by 0.93% to record 52-week high levels of Rs. 1,840 while registering gains of as much as 53% this year. TCS on the contrary witnessed a surge of just 5% this year.

On market cap front, the parameter that decides valuation of the firm, Reliance Industries tops the list with a market cap of Rs5,33,818.72 crore that is followed by HDFC Bank, TCS, ITC (Rs3,35,993.75 crore) and HDFC Ltd (Rs2,84,580.02 crore) in top five list.

With Inputs From PTI

Story first published: Tuesday, September 12, 2017, 14:55 [IST]
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