New Delhi: State Bank of India (SBI) became the fourth most valuable listed company in India on Wednesday, overtaking Tata Consultancy Services (TCS) after its shares jumped following strong December quarter results. The lender’s stock closed at Rs 1,183 on the BSE, up 3.40%, while it settled at Rs 1,181.10 on the NSE, rising 3.23%.
During intraday trading, SBI shares hit a 52-week high of Rs 1,187.70 on the BSE and Rs 1,187.50 on the NSE, reflecting investor confidence in the bank’s robust performance.
By the end of the trading session, SBI’s market capitalisation stood at Rs 10,91,982.06 crore, surpassing TCS, which closed at Rs 10,52,646.38 crore. Meanwhile, TCS shares fell 2.5% to Rs 2,909.40 on the BSE and Rs 2,909 on the NSE.
Read also: Public Sector Banks Post Record Rs 52,603 Crore Profit in Q3 FY26, SBI Leads Growth
Strong December Quarter Results Drive Growth
SBI reported an all-time high standalone profit of Rs 21,028 crore for Q3FY26. On a consolidated basis, the state-owned lender’s profit increased 13.06% to Rs 21,317 crore, according to a regulatory filing.
The bank’s core net interest income on a standalone basis grew 9.04% to Rs 45,190 crore, supported by a 15.14% growth in loans. Domestic net interest margin slightly compressed to 3.12%. Non-interest income rose 15.65% to Rs 8,404 crore during the quarter, while overall expenses increased to Rs 1,08,052 crore from Rs 1,04,917 crore in Q3FY25.
Top Companies by Market Capitalisation
With SBI now ranking fourth, the list of India’s most valuable companies by market cap includes Reliance Industries at the top, followed by HDFC Bank, Bharti Airtel, SBI, TCS, ICICI Bank, Bajaj Finance, Infosys, Hindustan Unilever Ltd, and Larsen & Toubro.
About SBI
State Bank of India, the country’s largest public sector bank, plays a crucial role in India’s banking and financial sector. With a strong presence across urban and rural India, SBI continues to expand its services, drive digital banking adoption, and support national economic growth.
Read also: SBI Q3 FY26 Results: Net Profit Soars 24.5% YoY to ₹21,028 Crore, NPAs Improve Sharply
