SBI Share Price: On the basis of strong quarterly results and continuous better performance, SBI has left TCS behind in terms of market value…
highlights
- The strong results of December quarter have filled new energy in the shares of State Bank of India.
- Due to the recent growth, the bank has left IT giant TCS behind in terms of market capitalization.
- After this, State Bank has become the fourth most valuable company in the country.
On the basis of strong quarterly results and consistently better performance, SBI has overtaken TCS in terms of market value. The ongoing strength in the banking sector and strong investor sentiment have taken SBI further up the list of top companies in the country. In the last 20 years of its journey, the bank has given ‘super to above’ returns to the investors.
SBI IPO: Great performance after listing
In December 1993, SBI launched its IPO with 12.4 crore equity shares, the largest public issue at that time, according to Trendline data. This IPO was a historic milestone in India’s financial journey.
State Bank of India went public in 1994 with an IPO price of Rs 100 per share. According to records, the official listing took place around February 25, 1994. However, full trading activation was delayed till 1995 amid formalities like share allotment and exchange clearance. Regulatory hurdles at SEBI, stock exchanges (including scrutiny of the then largest issue size, allotment process and market readiness following the post-1993 reforms) contributed to this gap.
Later the bank divided its stock in the ratio of 1:10, due to which the face value came down to Rs 1 per share and each share was divided into 10 shares. In the entire journey after listing, State Bank has multiplied the investors’ money by giving them excellent multibagger returns.
SBI: How was the journey of the bank?
State Bank of India (SBI), started in 1955, provides personal banking, rural banking and international banking services. It offers a variety of loan products, savings and current accounts, salary packages, digital loans, NRI services (Non-Resident Indians), and wealth management solutions.
SBI has diversified its business through subsidiary companies like SBI General Insurance, SBI Life Insurance, SBI Mutual Fund and SBI Card. This Mumbai headquartered bank operates in 29 countries across the world including India.
Shares close to Rs 1200, market cap crosses Rs 11 lakh crore
On February 12, SBI shares rose 4% to ₹1203.50. The stock recorded a new 52-week high. With this surge, the market capitalization of the bank increased to about ₹11 lakh crore.
SBI’s entry among the biggest companies of the country
Currently Reliance Industries is at the top with a market cap of around ₹19.88 lakh crore. HDFC Bank is at second place with Rs 14.26 lakh crore, while Bharti Airtel is at third place with Rs 11.47 lakh crore. Now SBI has reached the fourth position, while ICICI Bank is behind it. TCS, which once rivaled RIL in market cap, has now slipped to sixth place.
Strong performance in December quarter
The country’s largest bank SBI had declared its quarterly results on 7 February 2026. The bank’s net profit in the December quarter stood at Rs 21,028 crore, showing a growth of about 24.5% year-on-year.
The net interest income (NII) of the bank also registered a strong improvement and it increased to Rs 45,190 crore. Better asset quality and loan growth also strengthened the performance, which was directly reflected in the share price.
Multibagger Return: Bumper increase in investors’ capital
SBI stock has risen more than 61% in the last one year. So far in the year 2026, it has registered a growth of about 20%. However, the major reason for the recent rally has been the strong December quarter results.
If we talk about long time period, State Bank shares have increased the capital manifold by giving multibagger returns to the investors. In 20 years, the stock has given a strong return of around Rs 7,800. In February 2021, the share price was around Rs 20, now it is beyond Rs 1200.
If an investor had bought 1000 shares of State Bank 20 years ago, he would have had to spend around Rs 20,000. At a return of Rs 7,800, the value of his investment today would have been around Rs 1,560,000. That means investors’ capital has increased by about Rs 1,540,000.
SBI Stock: What should investors do next?
According to SEBI Registered Market Analyst Vipin Diksena, SBI is currently in a strong primary uptrend. The stock is consistently making higher highs and higher lows and is trading well above its rising long-term and short-term moving averages. The RSI is in the 70–80 zone, indicating strong bullish momentum but also short-term overbought conditions.
Advising investors, Vipin Diksena said investors who want to make fresh entries should wait for now and gradually accumulate stocks on any dip around 1,150-1,120.
If one already holds the stock, then he should wait for the next 3-6 months and should not be in a hurry to book profits now. The stock can easily reach around Rs 1400.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice in any way. ET NOW Swadesh recommends its readers and viewers to consult their financial advisors before taking any money-related decisions.
related news
end of article
