Bank of Baroda Becomes Second Public Sector Bank to Cross ₹1 Lakh Cr Market Cap, Following SBI
Bank of Baroda (BoB) witnessed a surge in buying interest despite a sell-off in key benchmark indices. The stock price of Bank of Baroda opened on a positive note today, reaching an intraday high of ₹194.80 per share on the NSE during Monday morning deals. This marked an intraday gain of approximately 3.50 percent. In addition, the stock came close to its 52-week high of ₹197.20 per share, achieving a significant milestone by crossing the ₹1 lakh crore market capitalization mark. With this achievement, the Bank of Baroda becomes the second public sector bank to accomplish this feat, following the State Bank of India (SBI), which currently holds a market cap of around ₹5.07 lakh crore.
Despite this remarkable accomplishment, Reliance Industries Ltd retains its top position on the list of Indian companies by market capitalization, with a market cap of ₹17.29 lakh crore. Tata Consultancy Services (TCS) holds the second position as the most valuable Indian company, followed by HDFC Bank, ICICI Bank, Hindustan Unilever Ltd, ITC, and Infosys. SBI secures the eighth spot in this list, while HDFC Ltd and Bharti Airtel hold the ninth and tenth positions, respectively.
In terms of market capitalization, HDFC Bank emerges as the most valuable Indian bank, with a value of approximately ₹9 lakh crore, while ICICI Bank follows closely as the second most valuable Indian bank, with a net worth of around ₹6.44 lakh crore. SBI ranks third among the valuable Indian listed banks, with a market valuation of approximately ₹5.07 lakh crore. Kotak Mahindra Bank and Axis Bank trail behind SBI with market caps of around ₹3.63 lakh crore and nearly ₹2.98 lakh crore, respectively.
Also Read: Coal India OFS: Allocates 92.44 Lakh Shares to Employee
Bank of Baroda shares have proven to be a successful investment in the Indian stock market over the past year, emerging as one of the multibagger stocks. As a public sector undertaking, Bank of Baroda contributes to the success of Bank Nifty, which recently reached a new peak of 44,498.
About Bank of Baroda:
Bank of Baroda, located in Vadodara, Gujarat, is an Indian government-owned bank. It holds the position of being the second largest public sector bank in India, following the State Bank of India. With a customer base of 153 million individuals, Bank of Baroda boasts a substantial business volume of US$218 billion. Furthermore, it maintains a strong global presence through its network of 100 international offices.
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