SBI crosses ₹10 lakh crore market cap milestone
after close1 source ↓written by the desknot a recommendation
- now stands
- ₹10.4 lakh crore
- surpassing ICICI Bank's
- ₹10.03 lakh crore
- behind HDFC Bank's
- ₹14.47 lakh crore
- record high
- ₹1,137
State Bank of India has crossed a market capitalisation of ₹10 lakh crore, becoming the sixth Indian firm to achieve this milestone. SBI's mcap now stands at ₹10.4 lakh crore, surpassing ICICI Bank's ₹10.03 lakh crore. This positions SBI as the second-most valuable bank in India, behind HDFC Bank's ₹14.47 lakh crore. 📈
The surge in SBI's shares, which hit a record high of ₹1,137, reflects strong investor confidence following robust quarterly earnings. This development may enhance market sentiment for banking stocks.
Not investment advice. For informational purposes only.