HDFC Bank has achieved a significant milestone by becoming the second largest company in India as per market capitalisation. The market capitalisation of HDFC Bank has crossed Rs.15 lakh crore. HDFC Bank is the third Indian company to achieve this feat. It now joins the ranks of Reliance Industries and Tata Consultancy Services (TCS), which have previously crossed this threshold.
As of Tuesday, the market cap of HDFC Bank stood at Rs 15,01,289.37 crore. This achievement is supported by a consistent rise in the bank’s share price, which reached Rs 1,961.90, driven by strong investor interest.
Mcap of 10 Largest Companies
| Market Capitalization of BSE Listed Co. (Rs Cr.): 4,27,37,717.23 | |||
|---|---|---|---|
| Code | Company Name | Share Price (Rs) | Market Cap (Rs Cr.) |
| 500325 | Reliance Industries Ltd | 1290.95 | 1746961.68 |
| 500180 | HDFC Bank Ltd | 1961.90 | 1501289.37 |
| 532540 | Tata Consultancy Services Ltd | 3318.05 | 1200499.53 |
| 532454 | Bharti Airtel Ltd | 1852.00 | 1056029.91 |
| 532174 | ICICI Bank Ltd | 1416.00 | 1008609.95 |
| 500112 | State Bank of India | 822.45 | 734005.37 |
| 500209 | Infosys Ltd | 1422.40 | 590760.19 |
| 500034 | Bajaj Finance Ltd | 9266.50 | 575848.11 |
| 500696 | Hindustan Unilever Ltd | 2399.10 | 563690.44 |
| 500875 | ITC Ltd | 433.70 | 542737.37 |
| 543526 | Life Insurance Corporation of India | 821.80 | 519788.31 |
The market capitalisation of India’s Largest Company – Reliance Industries is Rs.1746961.68 crore. After HDFC Bank, ICICI Bank is on the list with market capitalisation of Rs.1008609.95 crore. The market capitalisation of India’s largest public sector bank – State Bank of India is Rs.734005.37 crore. By market capitalisation, SBI may be behind HDFC Bank and ICICI Bank but by asset wise SBI is way ahead of both the banks.
Other Companies with High Market Caps
While HDFC Bank has joined this exclusive club, other companies like ICICI Bank, with a market cap of Rs 10.08 lakh crore, and Bharti Airtel, with Rs 10.56 lakh crore, are also growing rapidly and are next in line in terms of market value.
Strong Performance in Stock Trading
HDFC Bank’s stock reached a 52-week high of Rs 1,970.65 during the trading session on Tuesday, reflecting active market participation. The total traded quantity of the stock (TTQ) was 8.91 lakh shares, which is above the 2-week average of 4.89 lakh shares, showing robust trading activity. The turnover for the stock during the session was Rs 174.37 crore, highlighting healthy investor participation.
The stock of HDFC Bank has been on a steady rise over the past year. In the last 12 months, the bank’s shares have gained nearly 30%. In the past three months alone, the stock has appreciated by 17.83%. Year-to-date (YTD), the shares are up by 10.07%, further demonstrating strong investor confidence in the bank’s performance.
Strong Q4 2024 Financial Results
For the fourth quarter ending March 2024, HDFC Bank posted impressive financial results. The bank’s profit after tax (PAT) reached Rs 17,616 crore, which is a 6.7% increase compared to the same quarter last year. The bank’s net interest income (NII) grew by 10.3% year-on-year to Rs 32,070 crore.
HDFC Bank’s net interest margin (NIM) for the quarter stood at 3.54% on total assets and 3.73% based on interest-earning assets. If we exclude Rs 700 crore of interest from an income tax refund, the core NIM was 3.46% on total assets and 3.65% on interest-earning assets.
