Current Affairs 13/09/2017

  • HDFC Bank pips TCS to become 2nd most valuable company of India 117 Published On: 13/09/2017  

    HDFC Bank pips TCS to become 2nd most valuable company of India

    - HDFC Bank surpassed Tata Consultancy Services (TCS) to become the country’s second most valued firm in terms of market valuation.

    - Shares of HDFC Bank have surged nearly 53 per cent so far this year, while that of TCS rose nearly 5 per cent.

    - Reliance Industries Ltd is the country’s most valued firm with a market cap of Rs 5,33,818.72 crore followed by HDFC Bank, TCS, ITC (Rs 3,35,993.75 crore) and HDFC Ltd (Rs 2,84,580.02 crore) in top five list. -

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

    - During the afternoon trade, the market capitalisation (m-cap) of HDFC Bank stood at Rs. 4,73,530.72 crore, which was Rs. 797.4 crore more than TCS’ Rs. 4,72,733.32 crore valuation.

    - Shares of HDFC Bank gained 0.93 per cent to Rs. 1,840 — its 52-week high — on the BSE. TCS shares rose 0.36 per cent to Rs. 2,472.65.

    - Shares of HDFC Bank have surged nearly 53 per cent so far this year, while that of TCS rose nearly 5 per cent.