SBI Re-Enters Top-10 Most Valued Firms List; Replaces Bajaj Finance
State Bank of India on Monday re-entered the elite club of top-10 most valued domestic firms by market valuation after a gap of two weeks.
The bank had on Oct. 1 lost its spot to Bajaj Finance Ltd. in the coveted club of top-10 most valued domestic companies.
Bajaj Finance had replaced SBI as the 10th most valued firm then.
At close of trade on Monday, SBI's market capitalisation was at Rs 2,27,979.20 crore, which is Rs 2,899.12 crore more than that of Bajaj Finance Rs 2,25,080.08 crore valuation on the BSE.
Shares of SBI closed flat at Rs 255.45, up 0.37 percent, while those of Bajaj Finance fell 2.37 percent to Rs 3,881.65.
Reliance Industries Ltd. is the country's most valued firm with a valuation of Rs 8,60,631.07 crore followed by Tata Consultancy Services with a m-cap of Rs 7,58,338.19 crore.
Others in the top-10 list are HDFC Bank, Hindustan Unilever Ltd., Housing Development Finance Corporation Ltd., Infosys, Kotak Mahindra Bank, ITC, ICICI Bank and SBI.
Bajaj Finance is now on the 11th spot in the ranking of top 100 companies by m-cap.
The m-cap data of companies changes daily with share price movement.