You are here: Home » PTI Stories » National » News
Business Standard

HDFC group m-cap crosses Rs 10 trillion, only second after Tatas

Press Trust of India  |  New Delhi 

conglomerate group today saw the market capitalisation of its listed firms cross Rs 10 lakh crore mark, making it only the second Indian business house after Tatas to achieve this feat.

group currently has four listed entities -- housing Ltd, behemoth HDFC Bank, firm and -- while Tatas have nearly 30 firms listed on the stock exchange.

Another HDFC entity -- its mutual fund arm -- is currently in the process of launching an IPO, after which the group will have five listed firms and analysts have pegged its market capital at around Rs 30,000 crore.

At close of trade today, the market valuation of HDFC Bank stood at Rs 5,59,633.53 crore, of was Rs 3,26,776.81 crore, HDFC Standard Company Rs 95,936.72 crore and Rs 24,967.71 crore on the

firms have a combined market valuation of nearly Rs 11 lakh crore. (TCS) is the country's most valued firm with a market valuation of Rs 7,18,623.56 crore.

HDFC group's HDFC Bank is the country's third most valued firm in terms of market capitalisation (m-cap).

Shares of HDFC Bank rose by 1.31 per cent to close at Rs 2,149, HDFC 1.54 per cent to Rs 1,939.20, 0.51 per cent to Rs 476.70 while fell by 0.96 per cent to Rs 341.35 on the

HDFC is one of the few blue-chip companies in the country which is not run by a promoter family and is professionally-managed with a diverse institutional shareholding.

The group has also seen a very stable top management leadership, while it has prospered in a sector like consistently over decades.

The top-four leaders of HDFC Ltd, including and Keki Mistry, together have over 150 years of leadership experience.

While the flagship group has been in business for the last four decades, HDFC Bank has been in business for 25 years and for 20 years. The fourth listed firm Gruh Finance is also in business for 30 years.

currently has 76 per cent FII holding which has remained in this range for many years, including in the aftermath of the crisis that saw foreign investors pulling out money across sectors. The FII holding rose to as much as 80 per cent in March 2015.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, July 10 2018. 17:00 IST