HDFC Bank surpasses TCS to become 2nd most valued company

HDFC Bank today went past Tata Consultancy Services (TCS) to become the country's second most valued firm in terms of market valuation.

At the close of trade today, HDFC Bank's market capitalisation (m-cap) stood at Rs 4,75,802.34 crore, which was Rs 92.3 crore more than TCS' Rs 4,75,710.04 crore valuation.

Shares of HDFC Bank Ltd ended flat at Rs 1,843.20, up 0.03 per cent on BSE, while TCS fell by 0.12 per cent to close at Rs 2,485.05.  On Tuesday, HDFC Bank had briefly surpassed TCS to become the country's second most valued firm.

TCS had regained its status as the country's second most valued firm at the close of trade on that day.

Reliance Industries Ltd (RIL) is the country's most valued firm with a market cap of Rs 5,49,104.14 crore, followed by HDFC Bank, TCS, ITC (Rs 3,31,121.63 crore) and HDFC (Rs 2,82,269.53 crore) in the top five list.