The State Bank of India (SBI) continues its remarkable journey in the Indian stock market. Shares of the country’s largest public sector bank have been climbing steadily, breaking record after record as investor interest remains strong.
On February 10, 2026, SBI extended its winning streak, rising nearly 1% to hit ₹1,154 per share, marking yet another all-time high. This momentum reflects a month-to-date gain of 6.20%, building on a 10% jump in January and confirming the stock’s fifth consecutive month of positive returns.
Looking at the bigger picture, the SBI stock began its sharp ascent around the same time last year, surging 67.5% over 12 months. This performance positions SBI among the top gainers in the Nifty 50, reflecting both investor confidence and strong underlying fundamentals.
Market Performance
SBI’s rally has not only energized market sentiment but also boosted its market capitalisation past ₹10 lakh crore for the first time. Today, with the stock reaching ₹1,154 per share, SBI’s market cap stands at ₹10.65 lakh crore, making it the sixth most-valuable company in India.
Among banks, SBI has reclaimed the position of second-most valuable by market cap, overtaking ICICI Bank. HDFC Bank continues to lead the sector, with a market value of ₹14.35 lakh crore, according to BSE data.
SBI Rally Benefits LIC and Shareholders
The bank’s sustained growth has had a notable impact on institutional and retail shareholders.
- Life Insurance Corporation of India (LIC) owns 9.23% of SBI, making it the largest institutional shareholder.
- The 67.5% rise in SBI’s share price over the past year has added nearly ₹39,648 crore to LIC’s investment value.
- LIC’s total holding in SBI now stands at around ₹98,353 crore.
Retail investors have also benefited, with a 7% collective stake at the end of the December quarter witnessing significant wealth creation. LIC has been a steady shareholder since 2015, consistently maintaining a stake above 8%.
SBI Q3 FY26 Financial Highlights
SBI’s December quarter results further reinforced investor confidence. The bank posted record-breaking profits and strengthened its position in both credit and asset quality. Key financial highlights include:
- Net Profit: ₹21,028 crore (all-time high)
- Net Interest Income (NII): ₹45,190 crore, up from ₹41,446 crore year-on-year
- Domestic Net Interest Margin (NIM): 3.12%
- Whole Bank NIM: 2.99%
- Gross Non-Performing Assets (NPAs): 1.57%
- Net NPA Ratio: 0.39% (down 14 bps)
The bank also revised its FY26 credit growth guidance upward to 13–15%, reflecting robust lending activity and growing market demand.
Summary
SBI’s consistent performance, improving asset quality, and accelerated credit growth have propelled it to the forefront of the Indian stock market. With record share prices, a market cap exceeding ₹10 lakh crore, and substantial gains for major investors like LIC, the bank’s upward trajectory has been remarkable.
As of today, SBI is not only a market leader in banking but also a wealth creator for shareholders, making it one of the most-watched stocks in the stock market today.
Source: Livemint
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