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Bajaj Finance Replaced SBI on BSE

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.
Bajaj Finance Replaced SBI on BSE Bajaj Finance Replaced SBI on BSE Reviewed by Neha Verma on February 17, 2020 Rating: 5

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