The State Bank of India has become the sixth most valuable firm in the country after it beat market valuations of IT giant Infosys and mortgage lender HDFC, reports Mint. SBI's market value touched Rs 2.19 trillion on Thursday after it saw a sharp rise of 8 percent bringing the stock's value to a 15-month high of Rs 281 per share. The stock has gained 26 percent this year, with 18 percent coming only from three of the last four trading sessions.India's largest lender is expected to come out with its results on Friday afternoon. Bloomberg estimates suggest that the bank may report a net profit of Rs 2,585 crore.Shares of Infosys and HDFC saw declines of about 1.8 percent and 2.28 percent in Thursday's trade, respectively.
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