The market capitalization of HDFC Bank crosses Rs.3 trillion for the first time, making it only the fifth Indian company to achieve this milestoneHDFC Bank shares closed at a record high of Rs. Photo: BloombergMumbai: The market capitalization of HDFC Bank Ltd on Friday crossed Rs.3 trillion for the first time, making it only the fifth Indian company to achieve this milestone. HDFC Bank shares closed at a record high of Rs.1,187.35 on Friday, up 0.5% from their previous close. At Friday’s closing prices, TCS is India’s most valuable company with a market capitalization of Rs.5.06 trillion, followed by RIL at Rs.3.15 trillion. Among the analysts covering the HDFC Bank stock, 52 have a “buy” rating, three have a “hold” rating, while one have a “sell” rating, according to Bloomberg data.

Source: Mint May 27, 2016 07:26 UTC