SBI’s market cap surges past TCS; becomes fourth most valuable company

Over a one-year period SBI’s shares have appreciated 61.6 per cent and over a five-year time frame, were up over 3 times, compared to Nifty50’s 71 per cent returns.

State Bank of India (SBI) has become the country’s fourth most valuable company, surpassing Tata Consultancy Services with a market capitalisation of ₹10.9 lakh crore.

The bank’s shares climbed 3.2% on Wednesday, with trading volumes exceeding 2.9 crore shares.

SBI’s market value has surged 58% in the current fiscal year, while TCS saw its market capitalisation decline by 17.8% to ₹10.5 lakh crore during the same period.

Performance milestones

The public sector bank’s shares delivered 61.6% returns over the past year and tripled in value over five years, outperforming Nifty50’s 71% gains during this extended period.

This growth follows strong quarterly results, including a 24% net profit increase driven by robust loan expansion and stable asset quality. The bank reported 15% growth in gross advances and expects full-year credit growth between 14-15%. The quarter also saw reduced slippages and improved recoveries.

Meanwhile, TCS shares declined 26.6% over the past year, impacted by reduced deal activity in its primary US market. The IT services firm continues to face hurdles like H1B visa restrictions while adapting to changing client demands through shorter-term AI-focused projects.

Reliance Industries maintains its position as India’s most valuable company, followed by HDFC Bank and Bharti Airtel.

Published on February 11, 2026