HDFC Bank m-cap surges past Rs 8-trillion mark; stock jumps 1.76%

The market capitalisation of HDFC Bank went past Rs 8 trillion in early trade on Wednesday, making it the first domestic lender to achieve the feat. The private lender’s market valuation rose to Rs 8,05,742 crore on BSE before ending below the mark at Rs 7.72 trillion.

HDFC Bank, which is at number three position in overall market-cap ranking of listed companies, has become the first lender to achieve the milestone.

Shares of HDFC Bank jumped 1.76 per cent to its one-year high of Rs 1,464 on BSE. So far, this year, HDFC Bank shares have gained 15.11 per cent.

At present, Reliance