SBI Dips Despite Two Fold Jump In Profit

February 10, 2017 - 04:39:49 PM

SBIState Bank of India share was trading at Rs. 275.20, down by 0.65 points or 0.24 per cent from its previous closing of Rs. 275.85 on the National Stock Exchange. The scrip opened at Rs. 278.75 and has touched a high and low of Rs. 282.80 and Rs. 275 respectively. Around 3,75,79,251 shares were traded on the counter with a traded value of Rs. 1,05,037.76 lacs.

The stock has a face value Rs. 1 has touched a 52 week high of Rs. 288.80 on 11th Nov 2016 and a 52 week low of Rs. 148.25 on 12th Feb 2016. Last one week high and low of SBI share price stood at Rs. 282.45 and Rs. 271.05 respectively. The current market cap of the company is Rs. 223337.86 crore. The promoters holding in the company stood at 61.18 per cent, while Institutions and Non-Institutions held 29.09 per cent and 9.73 per cent respectively.

State Bank of India has registered more than two fold rise in its net profit at Rs 2610.00 crore for the quarter ended December 31, 2016 as against Rs 1115.34 crore for the corresponding quarter in the previous year. Total income of the company increased by 14.67 per cent at Rs 53587.51 crore for the quarter under review as compared Rs 46731.01 crore for the corresponding quarter previous year.       

On the consolidated basis, the company has clocked 70.88 per cent jump in its net profit after minority interest at Rs 2152.23 crore for the quarter ended December 31, 2016, as compared to Rs 1259.49 crore for the same quarter in the previous year. Total income of the company increased by 11.89 per cent at Rs 75537.22 crore for the quarter under review as compared Rs 67511.45 crore for the same quarter previous year.

SBI share price settled at Rs. 276.35. For further details on the stock, refer to SBI share price history.

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