New Delhi: According to the market capitalization, the country's largest state-owned State Bank of India, ie SBI, has been removed from the list of top 10 companies in the country. The market value of the bank has come down drastically due to a steep fall of 5.50 per cent in the bank's share price. One share of the bank closed at Rs 256 on the BSE. At one point during the day's trading, the price of one share of SBI declined by 9.32 per cent to the level of Rs 245.62. This is the 52-week low of the bank's stock.
Bajaj Finance has made a place in this list after SBI dropped out of the top ten companies. Bajaj Finance ranks tenth in the list with a valuation of Rs 2,31,525.18 crore. SBI has now slipped to 11th position in the list of 100 companies with the highest market capitalization. Mukesh Ambani-led Reliance Industries ranks first in terms of M-cap. The company's M-cap stands at Rs 8,27,287.28 crore. This is followed by Tata Consultancy Services of the Tata group. TCS has a market cap of Rs 7,72,878.68 crore. Apart from these, HDFC Bank, HUL, HDFC, Infosys, Kotak Mahindra Bank, ITC and ICICI Bank are among the top ten companies by market capitalization.
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