Kotak Mahindra Bank Continues to Be in Top-10 BSE Firms
Private lender Kotak Mahindra Bank today retained its place among the 10 most valued Indian companies with a market valuation of over Rs 2.22 lakh crore, keeping the country's largest lender State Bank of India (SBI) out of the coveted list.
New Delhi, Apr 17 (PTI) Private lender Kotak Mahindra Bank today retained its place among the 10 most valued Indian companies with a market valuation of over Rs 2.22 lakh crore, keeping the country's largest lender State Bank of India (SBI) out of the coveted list.
At close, Kotak Mahindra Bank's valuation stood at Rs 2,22,027.11 crore, which is Rs 518.85 crore higher than that of SBI.
SBI ended the day's trading session with a market capitalisation (m-cap) of Rs 2,21,508.26 crore.
On BSE, Kotak Mahindra Bank stock settled 0.42 per cent down at Rs 1165.10, while the SBI scrip ended the day 0.44 per cent lower at Rs 248.20.
Yesterday, Kotak Mahindra Bank pushed SBI out of the 10 most valued Indian companies list, with an m-cap of Rs 2,22,970.40 crore. In comparison, SBI's valuation stood at Rs 2,22,489.97 crore.
Commanding an m-cap of Rs 6,06,044.31 crore, IT major Tata Consultancy Services remains the country's most valued company followed by Reliance Industries at Rs 5,97,801.02 crore.
Kotak Mahindra Bank is the second private lender after HDFC Bank -- whose valuation stands at Rs 5,05,367.88 crore -- to feature in the 10 most valued Indian companies list currently.
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