Last week, both Sensex and Nifty recorded a boom. In the small business week from the holidays, the Sensex rose 739.87 points i.e. 0.92 percent and the Nifty is 268 points i.e. 1.10 percent. During this period, the market capitalization of five of the top 10 most valuable companies of Sensex collectively increased by Rs 60,675.94 crore. State Bank of India and HDFC Bank got the most benefit.

SBI, top gainer, RIL

In the week under review, the market capitalization of State Bank of India increased by Rs 20,445.82 crore to Rs 7,63,095.16 crore. HDFC Bank’s evaluation increased by Rs 14,083.51 crore to Rs 15,28,387.09 crore. Similarly, the market capitalization of Infosys increased by Rs 9,887.17 crore to Rs 6,01,310.19 crore, Bharti Airtel’s evaluation increased by Rs 8,410.6 crore to Rs 10,68,260.92 crore and Reliance Industries market capitalization increased to Rs 18,548.84 crore to Rs 18,5948.023.43 crore.

LIC market cap reduced

On the other hand, the market capitalization of LIC declined by Rs 15,306.5 crore to Rs 5,61,881.17 crore. The market status of Bajaj Finance declined by Rs 9,601.08 crore to Rs 5,35,547.44 crore. The evaluation of ICICI Bank declined by Rs 6,513.34 crore and came to Rs 10,18,982.35 crore. The market capitalization of TCS declined by Rs 4,558.79 crore to Rs 10,93,349.87 crore and the evaluation of Hindustan Unilever declined by Rs 3,630.12 crore to Rs 5,83,391.76 crore.

Reliance Industries stood first among the top 10 companies in terms of market cap. After this, HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Hindustan Unilever, LIC and Bajaj Finance respectively.

Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)

Sbi share tumbles: After the strong quarterly results of SBI, the largest bank in the public sector, the stock was seen as soon as the market opened on Monday. The stock jumped up to 2% in early trade. SBI’s stock opened at Rs 807, which closed at Rs 804.55 on the last trading day. After this, it reached Rs 823 in morning deals.

What are the quarterly results of SBI

In the first quarter (April-June) of FY 2025-26, the bank’s net profit increased to Rs 19,160 crore, which was Rs 17,035 crore in the same period a year ago. This was a better performance than the market. Interest income increased by 6%, which was Rs 1,17,996 crore, while it was Rs 1,11,526 crore a year ago. The expenditure on interest payment increased by 9% to Rs 76,923 crore, which was Rs 70,401 crore in the same period last year.

After the strong results, the broking firms have taken a positive attitude towards the stock. Motilal Oswal Financial Services has set a target price of Rs 925 by giving a rating of “purchase” on SBI shares.

What is the advice of brokerage firm?

He says that the bank made a good profit from the Treasury Profit in the quarter and kept the operating cost low. JM Financial has also advised the purchase and has fixed the target price of Rs 950. He believes that loan growth has been 12%, the main reason is the strong increase in international business and home loans. Nuwama has also fixed the target price of Rs 950, keeping a positive attitude towards the stock and on the basis of the results of the bank, the investment in it has been given a better possibility.

Also read: Rupee strengthened between the falling prices of crude oil, shown in front of US dollar

Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)