HDFC Bank overtakes RIL to become second most valued firm

HDFC Bank today surpassed Reliance Industries Ltd to become the country's second most valued firm in terms of market capitalisation.
At close of trade today, HDFC Bank's market capitalisation (m-cap) stood at Rs 4,31,471.57 crore -- Rs 4,688.27 crore more than RIL's Rs 4,26,783.30 crore.
Shares of HDFC Bank rose by 0.62 per cent to Rs 1,679.65 on BSE, while RIL fell by 0.51 per cent to Rs 1,312.60.
During the day, the scrip of HDFC Bank gained 1.35 per cent to touch its 52-week high of Rs 1,691.90.
TCS is the most valued Indian company with a m-cap of Rs 4,83,424.79 crore, followed by HDFC Bank, RIL, ITC (Rs 3,70,130.76 crore) and HDFC (Rs 2,65,178.80 crore) in the top-five list.

The BSE benchmark Sensex today ended flat at 31,103.49, up 7.79 points.