India's top business houses: HDFC group surpasses Tatas in market-cap
HDFC Bank with a market capitalisation of Rs 5,72,754.19 crore is the country's third most valuable firm after TCS (Rs 7,16,499.10 crore) and RIL (Rs 7,09,918.93 crore).
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 Rs 10.40 lakh crore.
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 Rs 10,40,689.89 crore on BSE.
HDFC Bank with a market capitalisation of Rs 5,72,754.19 crore is the country's third most valuable firm after TCS (Rs 7,16,499.10 crore) and RIL (Rs 7,09,918.93 crore).
HDFC has a market cap of Rs 3,34,684.54 crore, HDFC Standard Life Insurance Company Rs 78,824.31 crore, HDFC Asset Management Company Rs 31,540.03 crore and Gruh Finance Ltd Rs 22,886.82 crore.
As many as 22 Tata group firms have a combined market valuation of Rs 10,38,290.08 crore, as per data available on BSE Thursday.
HDFC group had on July 10 this year saw the market capitalisation of its listed firms cross Rs 10 lakh crore mark.
Shares of Gruh Finance Ltd went up by 1.45 per cent, HDFC Standard Life Insurance Company rose by 1.47 per cent, HDFC Asset Management Company gained 1.12 per cent and HDFC climbed 0.63 per cent, while HDFC Bank declined 0.67 per cent 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.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
08:53 AM IST