TCS regains 2nd most valuable company slot from HDFC Bank
New Delhi: Overtaking HDFC Bank, Tata Consultancy Services (TCS) on Tuesday regained its status as the country’s second most valued firm in terms of market capitalisation. Earlier in the day, HDFC Bank had surpassed TCS to become the country’s second most valued firm.
However, it slipped to third position in the ranking chart at close of trade.
In the afternoon trade, market capitalisation (m-cap) of HDFC Bank reached Rs4,73,530.72 crore, crossing that of TCS was Rs4,72,733.32 crore. However, at the close of trade, TCS’ market valuation stood at Rs4,76,045.04 crore, which was Rs2,578.86 crore more than HDFC Bank’s Rs4,73,466.18 crore valuation.
Shares of TCS went up by 0.94% to close at Rs2,486.80 on BSE, while HDFC Bank gained 0.62%t to end at Rs1,834.15.
Reliance Industries Ltd is the country’s most valued firm with a market cap of Rs5,35,509.87 crore, followed by TCS, HDFC Bank, ITC (Rs3,38,064.40 crore) and HDFC (Rs2,86,404.51 crore). PTI