Post Merger the major benefit to State Bank of India (SBI). They beats long time largest public sector unit Oil and Natural gas (ONGC) to become the India’s fifth valued state-owned firm in terms of market valuation & Capitalization (m cap). Previous day end the market capitalization of India’s largest Bank stood at Rs. 2.35,thousand crore where as the ONGC market cap was Rs. 2.32 thousand crore.
ONGC was long time country’s most-valued company in terms of market valuation. These market capitalization are fluctuated on daily basis based on trade of Shares at NSE & BSE. SBI ended the day with a mild gain of 0.17 per cent at Rs. 290.15, while ONGC fell by 1.12 per cent to Rs. 181.05 on BSE.
Other Major companies in India like TCS is the most valued Indian company with a market cap of Rs. 4,54,902.85 crore followed by
RIL (Rs 4,45,578.92 crore),
HDFC Bank (Rs 3,70,480.05 crore),
ITC (Rs 3,38,851.25 crore),
HDFC (Rs 2,35,122.56 crore),
Infosys (Rs 2,11,870.18 crore),
HUL (Rs 1,97,464.44 crore) and
Maruti Suzuki (Rs 1,85,235.49 crore).