Tuesday, 18 April 2017


After Reliance Industries Limited surpassing Tata Consultancy Limited, the State Bank of India also put up a similar show.

The State Bank of India stock touched its intraday high of Rs 296.40 per share in the pre-lunch hour on Tuesday. The stock touched the market capitalisation of Rs 2,40,376 cr. The Oil and Natural Gas Corporation Limited (ONGC) stock is trading higher by 0.4% at Rs 183.8 per share. The ONGC stock has the market capitalisation of Rs 2,35,746 cr as per its current market price.

It can be seen that the SBI has crossed ONGC in terms of market capitalisation by nearly Rs 4630 cr.

The PSU Banks are showing strong positivity in Tuesday’s trading session. The largest lender in the country, SBI’s stock is trading near its 52-week high of Rs 298.75 per share. There are total of 68,34,548 SBI shares trading on NSE which aggregates to Rs 201.27 cr as of 12:25 hours on Tuesday.

Many market experts have given positive signal on the SBI stock. It would be interesting to see if State Bank of India holds its position above ONGC in terms of market capitalisation. 

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