HDFC Bank crosses milestone
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HDFC Bank, the country’s most valuable lender, on Wednesday achieved a key milestone on the bourses — when the market capitalisation of its share crossed the Rs 6 trillion (lakh crore) mark.
The private sector bank becomes the third company after Reliance Industries and Tata Consultancy Services to achieve this feat.
HDFC Bank shares on Wednesday hit a record high. On the BSE, the scrip finished with gains of 2.56 per cent, or Rs 55.50, at Rs 2,226.10.
During intra-day trades, the share hit a new 52-week high of Rs 2,233. The positive close led to its market capitalisation hitting Rs 6,05,932.79 crore on the BSE.
On the other hand, the market cap of HDFC is around Rs 3.36 trillion (lakh crore). Together, they are valued at around Rs 9.5 trillion.
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The stock of GMR Airports reached a 52-week high of Rs 94.30 on February 20, 2024, while it hit a 52-week low at Rs 40 on May 29, 2023.
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