SBI gains 17% in one month, surpasses LIC to become most valued PSU stock

In the past one month, SBI has rallied 17 per cent, as compared to a 5 per cent gain in the stock price of LIC.

State Bank of India (SBI) has become the most valuable listed public sector undertaking (PSU) as the state-owned lender has surpassed insurance giant--Life Insurance Corporation of India's (LIC) market capitalisation (market-cap).

At 10:56 am, with a market-cap of Rs 4.53 trillion, SBI was the seventh largest company in the overall market-cap ranking of listed companies on the BSE. LIC slipped to number eighth in the list with a market-cap of Rs 4.38 trillion, the BSE data showed.

In the past one month, SBI has rallied 17 per cent, as compared to a 5 per cent gain in LIC's