State Bank of India, a state-owned lender, has become the seventh Indian listed company to surpass a market capitalization of Rs 8 lakh crore. On June 3, its shares reached a new record high of Rs 900.15 on BSE, soaring as much as 8.3 percent in morning trade, marking its best performance since September 2021. With a year-to-date increase of over 40 percent, SBI’s shares are now part of the exclusive Rs 8 Trillion Club, previously occupied by Reliance Industries, Tata Consultancy Services, HDFC Bank, Bharti Airtel, Infosys, and ICICI Bank. The surge in SBI’s stock is part of a broader trend among PSU stocks following the exit polls on June 1, which predicted a significant victory for the BJP-led NDA. Market experts anticipate continued growth in stocks aligned with the government’s growth plans, particularly those in capital expenditure or public sector units. According to BoB Cap’s latest note on State Bank of India, despite its size, the bank’s healthy business growth, stable margins, and asset quality are expected to drive improved performance, with forecasts of stable NIM at 3% and RoA/RoE of 1.1%/17% by FY26.