SBI at All Time High; BSE BANKEX Index Down 0.2%
July 18, 2019 09:36 AM

SBI share price has hit an all-time high at Rs 374 .

Meanwhile, the BSE BANKEX Index is at 34,636 (down 0.2%).

Among the top gainers in the BSE BANKEX Index today are SBI (down 0.7%) and HDFC BANK (up 0.7%).

SBI and ICICI BANK (down 0.3%) are among the top losers today.

Over the last one year, SBI has moved up from Rs 259 to Rs 374, registering a gain of Rs 114 (up 43.5%).

The BSE BANKEX has moved up from 29,920 to 34,636, registering a gain of 4,716 points (up 15.4%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were ICICI BANK (up 59.0%), SBI (up 43.5%) and AXIS BANK (up 39.3%).

What About the Benchmark Indices?

The BSE Sensex is at 39,204 (down 0.2%). The top gainers among the BSE Sensex stocks today are BHARTI AIRTEL (up 1.1%), HDFC (up 0.9%) and HDFC BANK (up 0.7%). Other gainers include ITC (up 0.3%) and BAJAJ FINANCE (up 0.2%). The most traded stocks in the BSE Sensex are BHARTI AIRTEL and ITC.

In the meantime, NSE Nifty is at 11,676 (down 0.3%). The top gainers in the NSE Nifty include WIPRO (up 2.4%), UPL (up 1.4%) and HDFC (up 0.9%). Other gainers include BHARTI AIRTEL (up 0.7%) and HDFC BANK (up 0.6%).

Over the last 12 months, the BSE Sensex has moved up from 36,520 to 39,204, registering a gain of 2,684 points (up 7.1%).

SBI Financial Update...

SBI net profit down at Rs 8 billion for the quarter ended March 2019, compared to a loss of Rs 40 billion a year ago. Operating income rose 1.1% to Rs 629.9 billion during the period as against Rs 622.8 billion in January-March 2018.

For the year ended March 2019, SBI reported 173.3% decrease in net profit to Rs 30.7 billion compared to net profit of Rs 41.9 billion during FY18.

Revenue of the company grew 10.6% to Rs 2,533 billion during FY19.

The current Price to earnings ratio of SBI, based on rolling 12 month earnings, stands at 385.0x.