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 -- the second highest among all the private sector corporate houses after salt-to- software conglomerate Tatas' Rs 4.42 trillion.
In comparison, the market value of Reliance Industries group currently stands at about Rs 2.36 trillion.
The valuation of these groups have been derived after taking into account market values of all their listed companies.
While Tatas have nearly 30 listed entities, RIL group has got two (Reliance Industries Ltd and Reliance Industrial Infrastructure Ltd) and HDFC group has three -- HDFC Ltd, HDFC Bank Ltd and Gruh Finance Ltd.
HDFC group has managed to replace RIL group as the second most valued group due to a surge in the share prices of its |
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