As HDFC Shares Rise, It Has Become India’s 2nd Highest Market-Value Firm in India, Says Economic Times
By Economic Times NEW DELHI – The HDFC Group has become India’s second biggest corporate house after Tatas in terms of private sector stock market valuation, pushing energy-to-retail conglomerate Reliance Industries group to the third position. The financial services giant HDFC Group now commands a total market value of Rs 2.41 trillion (about US $48.2 billion, using an exchange rate of $1.00 = Rs.50) — the second highest among all the private sector corporate houses after salt-to- software conglomerate Tatas’ Rs 4.42 trillion (about $90 billion). In comparison, the market value of Reliance Industries group currently stands at about...
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