HDFC group surpasses Tatas in m-cap1 min read . Updated: 27 Dec 2018, 11:52 PM IST
At close of trade today, the combined market capitalisation of five HDFC group firms stood at Rs10,40,689.89 crore on BSE as against Rs10,38,290.08 crore of Tatas
New Delhi: Financial services conglomerate HDFC group has become the most valuable business house in the country, surpassing Tatas, with the cumulative market valuation of its five listed companies surging to Rs10.40 trillion.
While HDFC group has five listed firms — HDFC Ltd, HDFC Bank, HDFC Standard Life Insurance Company, Gruh Finance Ltd and HDFC Asset Management Company— Tatas have nearly 30 listed companies on the bourses.
At close of trade Thursday, the combined market valuation of five HDFC group firms stood at Rs10,40,689.89 crore on BSE.
HDFC Bank with a market capitalisation of Rs5,72,754.19 crore is the country’s third most valuable firm after TCS (Rs7,16,499.10 crore) and RIL (Rs7,09,918.93 crore).
HDFC has a market cap of Rs3,34,684.54 crore, HDFC Standard Life Insurance Company Rs78,824.31 crore, HDFC Asset Management Company Rs31,540.03 crore and Gruh Finance Ltd Rs22,886.82 crore.
As many as 22 Tata group firms have a combined market valuation of Rs10,38,290.08 crore, as per data available on BSE Thursday.
HDFC group had on 10 July this year seen the market capitalisation of its listed firms cross Rs10 lakh crore mark.
Shares of Gruh Finance Ltd went up by 1.45%, HDFC Standard Life Insurance Company rose by 1.47%, HDFC Asset Management Company gained 1.12% and HDFC climbed 0.63%, while HDFC Bank declined 0.67% on BSE.
The flagship HDFC Ltd has been in business for the last four decades, HDFC Bank has been in business for 25 years and HDFC Standard Life for 20 years. Gruh Finance Ltd is also in business for 30 years.