A decade ago, ONGC and Coal India were the most valuable public sector entities. State Bank of India (SBI) was third. Today, with a market capitalisation of Rs 3.42 trillion, SBI has taken the top slot.
ONGC’s market cap has eroded by 40 per cent and is a distant second in the pecking order, while Coal India has slipped to seventh with market cap plunging 60 per cent. SBI’s climb to the top is interesting considering that it is the only value accretive stock among the top seven public sector banks (PSBs) for investors. Bank of ...
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