HDFC Bank becomes 3rd co to cross Rs 5 lakh cr m-cap mark

HDFC Bank becomes 3rd co to cross Rs 5 lakh cr m-cap mark

HDFC Bank on Thursday attained a market valuation of Rs 5 lakh crore, becoming the third company to achieve this milestone after RIL and TCS.

At close of trade on Thursday, the company's market capitalisation (m-cap) stood at Rs 5,00,360.08 crore. With this, the company also became the first bank to cross Rs 5 lakh crore m-cap mark.

Shares of the bank ended 2.15% higher at Rs 1,931.80 on BSE. During the day, it jumped 3.31% to Rs 1,953.75 -- its 52-week high.

In terms of equity volume, 1.96 lakh shares of the company were traded on BSE and over 41 lakh shares changed hands on NSE during the day.

Shares of the company have gained 4% so far this year.

Reliance Industries (RIL) is the country's most valued firm with a market valuation of Rs 5,82,277.22 crore, followed by TCS (Rs 5,57,076.83 crore), HDFC Bank (Rs 5,00,360.08 crore), ITC (Rs 3,32,616.62 crore) and HDFC (Rs 3,03,063.11 crore).

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