Financial services major HDFC Bank beat Mukesh Ambani-led Reliance Industries on Friday to become the country's second-most valued firm, behind only Tata Consultancy Services. The bank reached a market capitalisation of ₹3.54 lakh crore, against Reliance's ₹3.49 lakh crore. This came after shares of HDFC Bank surged as much as 9% on Friday to hit a 52-week high.