HDFC Bank’s m-cap surpasses Rs 14 lakh crore for the first time after stock hits record high
HDFC Bank's market capitalization reached Rs 14 lakh crore for the first time on Thursday after the stock of India's largest private lender hit a fresh record high of Rs 1,836.05 on the BSE.
The market cap peaked at Rs 14,00,710 crore but later slipped below this level amid profit-taking in the broader markets.
At 11:17 am, HDFC Bank shares were trading at Rs 1,808.40, down 0.14%. Earlier in the day, the stock gained 1.4%, reaching a record high of Rs 1,836.05.
HDFC Bank is India's third most valuable listed company, following Reliance Industries (RIL), with a market cap of Rs 17.38 lakh crore, and Tata Consultancy Services (TCS), with a market cap of Rs 15.46 lakh crore.
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