Over a one-year period SBI’s shares have appreciated 61.6 cent and over a five-year time frame, were up over 3 times, compared to Nifty50’s 71 per cent returns.
Government-owned lender State Bank of India (SBI) became the country’s fourth most valuable company, its market capitalisation surpassing that of Tata Consultancy Services, and hitting ₹10.9 lakh crore.
The shares of the bank rose 3.2 per cent on Wednesday with over 2.9 crore shares being traded.
Its market cap has been steadily rising and in the current fiscal so far has increased 58 per cent. Over the same period TCS’ market cap has fallen 17.8 per cent to ₹10.5 lakh crore.
One-year gains
Over a one-year period SBI’s shares have appreciated 61.6 cent and over a five-year time frame, were up over 3 times, compared to Nifty50’s 71 per cent returns.
The stock has got a boost from its strong quarterly performance, reporting a 24 per cent rise in net profit led by good loan growth, while its asset quality has remained stable.
Its gross advances rose 15 per cent and it expects to end the year with 14-15 per cent growth in credit. Slippages during the quarter were lower compared to the second quarter while recoveries were better.
In contrast, TCS has been an underperformer and over a one-year time period has fallen 26.6 per cent.
Slower deal-making in the US, the largest market for Indian IT companies, has had an impact on its performance and this has been an overhang on the company for several quarters now.
Mega deals are now fewer than they were before and revenue visibility is still dependent on the US; headwinds such as restrictions on H1b visas, are still playing out. Client spends are still tightly controlled and the company has now pivoted to shorter-cycle, AI-led work to boost revenue.
The most valuable company are Reliance Industries, followed by HDFC Bank and Bharti Airtel.
Published on February 11, 2026
