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HDFC Bank hit new high; market cap crosses Rs 4 lakh crore

HDFC Bank, with m-cap of Rs 400,654 crore at 02:53 pm, now joined RIL and TCS

HDFC Bank branch office in Mumbai
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HDFC Bank branch office in Mumbai

SI Reporter Mumbai
HDFC Bank hit a new high of Rs 1,567 on BSE have seen it market capitalisation (m-cap) crossing Rs 4-lakh crore.

At 2:53 pm; the stock of private sector lender was trading 1% higher at Rs 1,564, extending its 8% surge in past seven trading sessions after reported a healthy set of numbers for the quarter ended March 31, 2017 (Q4FY17) recording strong growth in net interest income (NII) and improvement in operating parameters. The S&P BSE Sensex was up 2.4% in past eight trading sessions since April 17.

HDFC Bank, with m-cap of Rs 400,654 crore, now