SBI Beats TCS to Become India's Fourth-Largest Company by Market Cap
Antara Bhattacharyya
State Bank of India surpasses Tata Consultancy Services in market capitalization, emerging as India’s fourth-largest listed company amid strong investor confidence.
Robust quarterly earnings, steady credit growth, and improving asset quality have fueled SBI’s stock rally in recent trading sessions.
TCS, long a market heavyweight, witnessed relative valuation moderation as banking stocks gained traction on improved macroeconomic outlook.
Analysts attribute SBI’s rise to stronger loan demand, digital banking expansion, and sustained foreign institutional investor inflows.
The milestone underscores shifting market dynamics, with financial sector giants increasingly rivaling technology leaders in market capitalization rankings.