SBI joins Rs 5-trillion market cap club; stock surges 26% in three months

At 09:42 AM, with a market cap of Rs 5.03 trillion, SBI stood at seventh place in the overall market cap ranking of companies, BSE data shows

Public lender State Bank of India (SBI) hit the Rs 5-trillion-mark in market capitalisation (market cap) for the first time on Wednesday after its shares touched a record high of Rs 564.45, up 1 per cent on the BSE in intra-day trade in an otherwise weak market.

With a market cap of Rs 5.03 trillion, SBI stood at the seventh position in the overall market cap ranking, according to the data from BSE. In comparison, the S&P BSE Sensex was down 0.85 per cent at 60,058 at 09:42 AM.

With this, SBI has become the third lender in