SBI on No.2 Position in terms of Market Capitalisation
HDFC Bank overtakes State Bank of India in terms of Capitalisation. HDFC banks market cap 1.10 lac cr higher than SBI 1.09 lac crore. SBI total assets of 12 lac crore whereas HDFC only have one sixth. Hdfc bank gain higher in market capitalization because of cuts in share prices of SBI also SBI has the largest coverage to Kingfisher
SBI shares closed over 1% lower at rs 1729.90 in BSE, PSU bank has fall over 9 % in a month and around 34% over the past 6 months Compare and Apply for SBI Home Loan.
HDFC bank gives low exposure to power, telecom and infrastructure sectors, it helps HDFC to gain M-Cap. HDFC bank has done better than SBI in many ways. HDFC Bank is an expensive stock; it's risk aversion that is prompting investors to buy HDFC Bank at current prices," said a PMS fund manager employed in boutique wealth management firm.
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