SBI market cap
The deal between India and America changed the sentiment of the Indian market today. The stock market opened with a rise on 9th February. Major market indices Sensex and Nifty also remained in the green. But meanwhile a big news related to the banking sector came. The country’s government bank SBI has once again left ICICI Bank behind by creating new records. Due to excellent quarterly results, the bank’s shares rose by 6 percent as soon as the market opened today, due to which the market cap of the bank became approximately Rs 10.50 lakh crore. Which is more than ICICI.
In this market rally, SBI became the largest valuable bank of the country. Currently ahead of it is HDFC whose market cap is around Rs 14.44 lakh crore. Whereas the market cap of ICICI Bank is currently Rs 9,99,069.47 crore.
Status of SBI shares
Till the time of writing the news, SBI shares are still in the green. Public sector bank stocks are trading at around Rs 1136.10 with a spectacular rally of 6.54 per cent. The market cap has jumped to close to Rs 10.50 lakh crore. On the other hand, a lot of pressure is being seen in ICICI Bank. Currently the bank’s stocks are at Rs 1392.30 with a decline of about 1.02 percent.
Why is the stock running away?
Last Friday, SBI released its third quarter results which were excellent. For this reason, a rally is being seen in the shares of the company today. SBI on February 7 reported a net profit after minority interest of Rs 21,028.15 crore for the October-December quarter of the current financial year 2026. This is the highest quarterly net profit ever by the banking giant.
This is 24.49 percent year-on-year (YoY) higher than the net profit of Rs 16,891.44 crore reported in the same quarter of the last financial year. Meanwhile, the public lender’s net interest income (NII) grew 9 per cent to Rs 45,190 crore in the quarter from Rs 41,445 crore in the same period last year, reflecting continued growth in core lending income.
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