sbi-becomes-india-s-5th-most-valuable-firm-by-market-capitalisation

SBI becomes India's 5th most valuable firm by market capitalisation

SBI's stock rose by 1.51 per cent, closing at Rs 771.55 per share on the BSE. During the day's trading, SBI shares reached a peak of Rs 777.50 per share, marking a new 52-week high.

- Mumbai - UPDATED: February 22, 2024, 09:49 AM - 2 min read

SBI becomes India's 5th most valuable firm by market capitalisation

A State Bank of India branch in New Delhi.

On Wednesday, the State Bank of India surged past IT giant Infosys to claim the title of the country's fifth most valuable firm by market capitalisation.

SBI's stock rose by 1.51 per cent, closing at Rs 771.55 per share on the BSE. During the day's trading, SBI shares reached a peak of Rs 777.50 per share, marking a new 52-week high.

By the end of Wednesday's trading session, SBI's market capitalisation stood at Rs 6,88,578.43 crore, surpassing Infosys' valuation of Rs 6,87,349.95 crore by Rs 1,228.48 crore. Consequently, SBI secured the fifth position among the most valued companies listed on the BSE.

Among the top 10 most valued firms, Reliance Industries maintained its lead, followed by Tata Consultancy Services, HDFC Bank, ICICI Bank, SBI, Infosys, Life Insurance Corporation of India, Bharti Airtel, Hindustan Unilever, and ITC.