SBI at All Time High; BSE BANKEX Index Up 0.4%

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SBI at All Time High; BSE BANKEX Index Up 0.4%
Wed, 20 Oct 10:35 AM

SBI share price has hit an all-time high at Rs 504 (up 3.0%).

Meanwhile, the BSE BANKEX Index is at 45,205 (up 0.4%).

Among the top gainers in the BSE BANKEX Index today are SBI (up 3.0%) and INDUSIND BANK (up 1.2%).

YES BANK (down 0.5%) and HDFC BANK (down 0.9%) are among the top losers today.

Over the last one year, SBI has moved up from Rs 204 to Rs 504, registering a gain of Rs 300 (up 146.6%).

The BSE BANKEX has moved up from 27,574 to 45,205, registering a gain of 17,631 points (up 63.9%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were SBI (up 146.6%), INDUSIND BANK (up 92.9%) and ICICI BANK (up 81.3%).

Check Out: Why Millions of Dollars are Getting Pumped into this Sector?

What About the Benchmark Indices?

The BSE Sensex is at 61,880 (up 0.1%). The top gainers among the BSE Sensex stocks today are BHARTI AIRTEL (up 4.1%), SBI (up 3.0%) and HCL TECHNOLOGIES (up 1.8%). Other gainers include TECH MAHINDRA (up 1.3%) and INDUSIND BANK (up 1.2%). The most traded stocks in the BSE Sensex are ICICI BANK and INFOSYS.

In the meantime, NSE Nifty is at 18,458 . The top gainers in the NSE Nifty include BHARTI AIRTEL (up 4.2%), SBI (up 3.0%) and HCL TECHNOLOGIES (up 1.8%). Other gainers include TATA MOTORS (up 1.5%) and TECH MAHINDRA (up 1.3%).

Over the last 12 months, the BSE Sensex has moved up from 40,432 to 61,880, registering a gain of 21,448 points (up 52.8%).

SBI Financial Update...

SBI net profit stood at Rs 75 billion for the quarter ended June 2021, compared to a profit of Rs 64 billion a year ago. Operating income declined 1.6% to Rs 689.6 billion during the period as against Rs 701.0 billion in April-June 2020.

For the year ended March 2021, SBI reported 33.6% increase in net profit to Rs 242.8 billion compared to net profit of Rs 181.8 billion during FY20.

Revenue of the company grew 3.1% to Rs 2,781 billion during FY21.

The current Price to earnings ratio of SBI, based on rolling 12 month earnings, stands at 16.9x.

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

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Dec 2, 2021 03:31 PM