New Delhi, July 28 -- Bajaj Finserv Ltd now has a higher market capitalisation than Axis Bank Ltd following a surge in its share price which hit a fresh record-high on Wednesday.

Shares of Bajaj Finserv were trading around Rs.13,974 with market cap standing at Rs.2.21 trillion, which was more than that of Axis Bank's Rs.2.19 trillion mcap.

So far this year, Bajaj Finserv has outperformed the market by gaining 56% as compared to 9% rise in the benchmark Sensex. Axis Bank rose 15% in the same period.

Currently, Bajaj Finserv stands at 18 positions in the overall market cap ranking, surpassing Maruti Suzuki India, Ultratech Cement and Nestle India.

Bajaj Finserv (BJFIN) saw a muted performance due to the severe impact of the second lockd...