What drove the SBI stock above ₹5 trillion mark3 min read 15 Sep 2022, 11:44 PM IST
So far in CY22, the stock has risen by 24%, handsomely beating sector index Nifty Bank and key benchmark index Nifty50.
State Bank of India’s (SBI’s) shares have been on the radar of investors for some time. The public sector lender’s market capitalization has breached the ₹5 trillion mark on Wednesday, because of the rally in the stock price. With this, SBI became the third Indian bank to attain this position after HDFC Bank and ICICI Bank.
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