Mumbai, February 11 State Bank of India (SBI) became the fourth most valuable listed company by market capitalization on Wednesday, surpassing Tata Consultancy Services after the lender's shares rose over 3 percent following strong December quarter results.
The stock gained 3.40 percent to close at Rs 1,183 per share on the BSE.
On the NSE, it rose 3.23 percent to settle at Rs 1,181.10 per share.
During the intraday trade, the scrip appreciated by nearly 4 percent to hit its 52-week high of Rs 1,187.70 and 1,187.50 per share on the BSE and the NSE, respectively.
At the end of the trading session, SBI's market capitalization stood at Rs 10,91,982.06 crore, higher than that of TCS, whose market capitalization stood at Rs 10,52,646.38 crore on the BSE.
Meanwhile, shares of Tata Consultancy Services (TCS) fell 2.5 percent on the BSE and NSE to close at Rs 2,909.40 and 2,909, respectively.
In terms of market capitalization, Reliance Industries remained the most valued firm, followed by HDFC Bank, Bharti Airtel Ltd, State Bank of India, Tata Consultancy Services, ICICI Bank, Bajaj Finance, Infosys, Hindustan Unilever Ltd and Larsen & Toubro.
Last week, SBI reported an all-time high profit of Rs 21,028 crore in the December quarter of FY26 on a standalone basis.
On a consolidated basis, the state-owned lender reported a 13.06 percent increase in profit at Rs 21,317 crore, as per a regulatory filing.
The bank's core net interest income on a standalone basis grew 9.04 percent to Rs 45,190 crore from Rs 41,446 crore in the year-ago period, driven by 15.14 percent loan growth and a 0.03 percent compression in the domestic net interest margin at 3.12 percent.
Non-interest income grew 15.65 percent to Rs 8,404 crore during the quarter. Overall expenses were up at Rs 1,08,052 crore as against Rs 1,04,917 crore in Q3 of 2024-25.