NEW DELHI, Jan 18: HDFC Bank today breached a market valuation of Rs 5 lakh crore, becoming the third company to achieve this milestone after RIL and TCS.
The bank’s market capitalisation (m-cap) stood at Rs 5,02,859.55 crore in afternoon trade, making it the first bank to cross Rs 5 lakh crore m-cap mark.
In terms of equity volume, 1.44 lakh shares of the company were traded on BSE and over 27 lakh shares changed hands on NSE during the day.
Shares of the bank have gained nearly 5 per cent so far this year.
Reliance Industries (RIL) is the country’s most valued firm with a market valuation of Rs 5,85,539.19 crore, followed by TCS (Rs 5,54,281.97 crore), HDFC Bank, ITC (Rs 3,34,323.28 crore) and HDFC (Rs 3,04,109.53 crore). (PTI)
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