Sun Pharma on Tuesday surpassed top lender SBI in terms of market capitalisation, becoming the eight most valued listed company in the country. The market valuation of Dilip Shanghvi-led Sun Pharmaceutical stood at Rs2,15,332.69 crore -- which was more than Rs 4,200 crore higher than that of SBI's Rs2,11,130.87 crore.
Earlier this month, Shanghvi surpassed Mukesh Ambani as the richest Indian with a networth of $ 21.5 billion. Ambani-led RIl currently ranks as the country's second most valued company after state-run ONGC. Shares of Sun Pharma ended the day with a gain of 1.12 per cent at Rs1,039.70, while those of SBI also rose by 0.41 per cent to reach Rs282.80 on the BSE. With this, Sun Pharma now stands at eight position in the list of the most valued companies, followed by SBI at ninth place.