Insta
Gravity Defying Stocks: HDFC Becomes Third Indian Company After RIL And TCS To Cross Rs 7 Lakh Crore In Market Cap
Stock traders rejoice at Bombay Stock Exchange. (Representative Image) (Anshuman Poyrekar/Hindustan Times via GettyImages)
The country’s stock markets continue to hold their own despite sobering economic news in recent months; India's largest private sector bank HDFC Bank on Friday (15 November) surpassed Rs 7 lakh crore (Rs 7 trillion) in market capitalisation for the first time.
HDFC Bank is only the third Indian company after TCS and Reliance Industries to become part of this exclusive club.
The private lender on Friday touched Rs 7,00,252.30 crore market capitalisation, a metric used to evaluate the size of a company.
Currently Reliance Industries with a market cap of Rs 9,39,463.36 crore, is the country's largest company followed by Tata Consultancy Services at Rs 8,25,168.16 crore.
At 11.25 am, HDFC Bank was trading at Rs 1,278.90 a share, up by 0.41 per cent.
(With inputs from IANS)
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest
