It is still TCS but now HDFC Bank is not in the top-3 list after a very long time. Now, Hindustan Unilever emerged as the third most valuable company in India after TCS and Reliance Industries. HUVR has overtaken HDFC Bank to become the third most valuable company with a market cap of Rs.440,000 crore. HDFC Bank dropped to fourth place after the stock lost nearly 45% value from its peak. Hindustan Unilever is one of the few stocks that did not really get impacted by the carnage in the markets. Of course, some other banks like SBI, ICICI Bank and Bajaj Finance have fallen in their rankings but some specific stocks like Bharti Airtel and HUVR have moved up in the rankings.