SBI Share Price Down by 6%; BSE BANKEX Index Down 4.3%

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Markets will remain closed on May 13, 2021 on account of Id-Ul-Fitr (Ramzan Id).

SBI Share Price Down by 6%; BSE BANKEX Index Down 4.3%
Mon, 12 Apr 11:20 AM

SBI share price has plunged 6% and is presently trading at Rs 345.

Meanwhile, the BSE BANKEX Index is at 35,831 (down 4.3%).

Among the top losers in the BSE BANKEX Index today are SBI (down 6.5%) and INDUSIND BANK (down 7.6%).

Over the last one year, SBI has moved up from Rs 183 to Rs 345, registering a gain of Rs 162 (up 88.4%)..

The BSE BANKEX has moved up from 21,698 to 35,831, registering a gain of 14,133 points (up 65.1%) during the last 12 months.

The top buzzing stocks among the BSE BANKEX Index stocks during this same period were INDUSIND BANK (up 114.0%), SBI (up 80.5%) and FEDERAL BANK (up 78.6%).

Learn: How to Potentially Accumulate Rs 7 Crore in Wealth Over the Long-term

What About the Benchmark Indices?

The BSE Sensex is at 48,957 (down 2.8%). The top gainers among the BSE Sensex stocks today are SUN PHARMA (up 0.3%) and NESTLE (up 0.1%). The most traded stocks in the BSE Sensex are SUN PHARMA and NESTLE.

In the meantime, NSE Nifty is at 14,652 (down 2.7%). CIPLA (up 6.3%) and DR. REDDYS LAB (up 3.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 29,894 to 48,957, registering a gain of 19,063 points (up 61.30%).

SBI Financial Update...

SBI net profit down at Rs 52 billion for the quarter ended December 2020, compared to a loss of Rs 56 billion a year ago. Operating income declined 1.4% to Rs 667.3 billion during the period as against Rs 676.9 billion in October-December 2019.

For the year ended March 2020, SBI reported 492.3% increase in net profit to Rs 181.8 billion compared to net profit of Rs 30.7 billion during FY19.

Revenue of the company grew 6.5% to Rs 2,699 billion during FY20.

The current Price to earnings ratio of SBI, based on rolling 12 month earnings, stands at 16.8x.

What else is happening in the markets today? Dig in...

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