After SBI, Bank of Baroda (BOB) becomes the second public sector bank to touch market capitalisation of Rs 1 lakh crore on Monday. As the markets opened today, Bank of Baroda shares hit intra day high of Rs 194 per share in last one year, marking a gain of 3.5 per cent during the morning session of Monday.
Bank of Baroda stocks became multi-bagger as its share prices have gone up from Rs 96 to Rs 194 per share. BOB stocks helped Bank Nifty to climb to a new peak of 44,498. The Bank of Baroda stocks never looked back after Dena Bank and Vijay Bank merged into it in 2019.
As the shares hit the Intra day high, It also went close to its 52 week high of Rs 197.20 per share. As of now, SBI share price has a market capitalisation of around Rs 5.07 lakh crore holding the position of first bank ever to touch the Rs 1 lakh crore market capitalisation mark.
Reliance Industries Ltd. still holds the top spot in the overall list of Indian companies by market capitalisation, with a market cap of Rs 17.29 lakh crore. Tata Consultancy Services holds the second spot, followed by HDFC Bank, ICICI Bank, Hindustan Unilever Ltd, ITC and Infosys.
India's largest bank, State Bank of India, stands at eighth position in the list of most valuable comapanies with respect to market capitalisation.
