SBI beats IT giant Infosys

SBI Market Cap: State Bank of India, the country’s largest government bank (State Bank of India) has become the fifth largest company in terms of market capital. SBI has achieved this position by defeating the giant IT company Ifosys. On Wednesday, the stock price of the company had reached the high of last 52 weeks at Rs 777.50 per share. Due to this there has been a big increase in the market cap of the bank. However, today a decline is being seen in the bank’s shares. At 1.40 pm it fell by 1.32 percent or 10.20 points and reached 761.30. Before this, SBI has given a return of 25.81 percent to investors in the last one month. At the same time, returns of 33.91 percent have been received in six months and 47.44 percent in one year.

Read Also: Byju’s founder Ravindran’s troubles increase, ED issues look out notice

What is the market cap?

The market cap of State Bank of India reached Rs 6,88,578.43 crore after Wednesday’s rise. Whereas, the market cap of Infosys was at Rs 6,87,349.95 crore. There was a difference of more than Rs 1228.48 crore in the market cap of both the companies. SBI is the only government bank to be included in the top five companies on the Bombay Stock Exchange. However, two more banks are included in the list of top 10 companies. But both the banks are private. ICICI Bank is at fourth place and HDFC Bank is at third place. If seen from this perspective, three banks have been included in the list of top five companies.

Who are the top 10 companies of the country?

In terms of market cap, Reliance Industries occupies the first place in the list of top 10 companies of the country. Whereas, Tata Consultancy Services is at second place. HDFC Bank, ICICI Bank, SBI, Infosys, Life Insurance Corporation of India, Bharti Airtel, Hindustan Unilever and ITC are also included in this list.