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Drug major Sun Pharmaceutical Industries today surpassed SBI, country's largest public sector lender, in terms of market valuation.
Sun Pharma's market capitalisation (m-cap) increased to Rs 2,15,394.82 crore, following over 1% rally in the stock at the BSE, overtaking SBI whose valuation stood at Rs 2,09,488.41 crore during the afternoon trade.
SBI's scrip was trading 0.48% lower at Rs 280.30.
With this, Sun Pharma now stands at eight position in the list of top-10 most valued companies in terms of their market capitalisation, followed by SBI at ninth place.
TCS is the most valued Indian company with a market cap of Rs 5,04,068.85 crore, followed by RIL, ITC, ONGC, HDFC Bank, Infosys, CIL, Sun Pharma, SBI and HDFC.
Market capitalisation of a listed company corresponds to the cumulative market price of all its shares. This figure changes daily with change in stock price.
