Bajaj Finance Replaced SBI on BSE

Published on February 17, 2020
Current context: Bajaj Finance Ltd has replaced State Bank of India (SBI) to become India's tenth most-valued firm by market capitalisation on the Bombay Stock Exchange (BSE) on 17th Feb 2020.
Bajaj Finance Replaced SBI on BSE 
  • As per the BSE, Bajaj Finance's market capitalization stood at Rs 2.87 trillion whereas the State Bank of India has a market cap of Rs 2.81 trillion.
  • The finance company's shares have risen nearly 12% so far this year.
  • The SBI stock has fallen nearly 4% in the last two sessions following concerns over its asset quality in Vodafone Idea and Bharti Airtel's in AGR case.
  • Currently, Reliance Industries Ltd is the country’s most valued company with a market cap of Rs 9.48 trillion.
  • The current BSE ranking list include:
    1. Reliance Industries Ltd (Rs 9.48 trillion)
    2. Tata Consultancy Services Ltd ( Rs 8.26 trillion)
    3. HDFC Bank Ltd ( Rs 6.73 trillion)
    4. Hindustan Unilever Ltd ( Rs 4.95 trillion)
    5. HDFC Ltd ( Rs 4.12 trillion)
    6. Infosys Ltd ( Rs 3.36 trillion)
    7. ICICI Bank Ltd ( Rs 3.50 trillion)
    8. Kotak Mahindra Bank Ltd ( Rs 3.23 trillion)
    9. Bharti Airtel Ltd (Rs 3.07 trillion)
    10. Bajaj Finance (Rs 2.87 trillion)
  • The Bombay Stock Exchange is an Indian stock exchange, established in 1875 and is located at Dalal Street, Mumbai.

Question: 

Q.1 Which company has replaced the State Bank of India (SBI) to become India's tenth most-valued firm by market capitalisation on the Bombay Stock Exchange (BSE)?
a. Bajaj Finance
b. Muthoot Finance
c. AllBank Finance Limited
d. Indicus Analytics Pvt. Ltd.

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