SBI becomes third Indian lender to surpass Rs 5 trillion market cap

SBI Bank now ranks seventh most valued Indian company

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Shares of State Bank of India on Wednesday became the third lender and seventh Indian company to cross the Rs 5-trillion market cap

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first time after its shares rallied over 22 percent so far this year.

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The stock hit a record high of Rs 564.85 on the BSE, up 1.3 percent from its previous close

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The stock stayed in the green through five straight sessions and gained 6 percent in this period.

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HDFC Bank Ltd and ICICI Bank Ltd achieved this milestone earlier

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Among other Indian companies, Reliance Industries, Tata Consultancy Services, Infosys, Hindustan Unilever, Life Insurance Corp of India and HDFC are in the league.

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