Photo: HTMumbai: IndusInd Bank Ltd on Friday became the sixth listed Indian bank to join the elite club of lenders that have seen their market capitalisation soar past the Rs1 trillion mark. HDFC Bank Ltd is the country’s most valued bank with a market cap of Rs4.6 trillion, followed by State Bank of India (Rs 2.64 trillion), ICICI Bank Ltd, Kotak Mahindra Bank Ltd (Rs 1.90 trillion each) and Axis Bank Ltd (Rs1.22 trillion). Nearly two-thirds of the BSE Sensex companies have a market capitalization of Rs1 trillion, while a third are valued at more than Rs2 trillion, according to data from the exchange. Reliance Industries Ltd is India’s most valued company with a market cap of Rs5.28 trillion, followed by Tata Consultancy Services Ltd at Rs4.83 trillion. Of the analysts covering the Indusind Bank, 42 have a “buy” rating, nine have a “hold” rating, while one has a “sell” rating, shows Bloomberg data.

Source: Mint August 04, 2017 11:51 UTC