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SBI surpasses Bajaj Finance in m-cap ranking as stock hits new high

In the past one month, SBI has rallied 18 per cent, while Bajaj Finance has declined 3.6 per cent

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SBI

SI Reporter Mumbai
State Bank of India (SBI) surpassed Bajaj Finance in market capitalisation (m-cap) ranking as the stock of the public sector bank hit a new high on Wednesday. The scrip of the non-banking finance company (NBFC), meanwhile, declined over 4 per cent on the BSE in today's intra-day trade.

At 01:21 pm, SBI stood at number eighth position in the overall ranking with an m-cap of Rs 467,203 crore, while Bajaj Finance slipped to number ninth position with a market cap of Rs 453,674 crore, BSE data shows. In the past one month, SBI has rallied 18 per cent, while