Bank of Baroda becomes second Government Bank after SBI to cross Rs.1 lakh crore market cap
The share price of Bank of Baroda started the day on a positive note, rising to a high of ₹194.80 per share on the NSE. This marked a gain of approximately 3.50% during morning trading on Monday.
The stock came close to reaching its 52-week high of ₹197.20 per share, while also reaching a significant milestone of ₹1 lakh crore in market capitalization. This achievement made Bank of Baroda the second public sector bank, after State Bank of India (SBI), to reach this milestone. Currently, SBI has a market cap of approximately ₹5.07 lakh crore.
However, when considering the overall list of Indian companies by market capitalization, Reliance Industries Ltd remains in the top spot with a market cap of ₹17.29 lakh crore.
Tata Consultancy Services (TCS) holds the second position, followed by HDFC Bank, ICICI Bank, Hindustan Unilever Ltd, ITC, and Infosys. In terms of market capitalization, State Bank of India (SBI) is placed eighth on the list, while HDFC Ltd and Bharti Airtel occupy the ninth and tenth positions, respectively.
Therefore, HDFC Bank is the most valuable Indian bank in terms of market cap, with a value of approximately ₹9 lakh crore, while ICICI Bank holds the second position with a market capitalization of around ₹6.44 lakh crore.
SBI is the third most valuable Indian listed bank, with a market valuation of approximately ₹5.07 lakh crore. Kotak Mahindra Bank and Axis Bank follow SBI, with market caps of around ₹3.63 lakh crore and nearly ₹2.98 lakh crore, respectively.
