SBI Surges by 5%; BSE BANKEX Index Up 1.1%
October 31, 2019 01:28 PM

SBI share price has zoomed 5% and is presently trading at Rs 305.

Meanwhile, the BSE BANKEX Index is at 34,239 (up 1.1%).

Among the top Gainers in the BSE BANKEX Index today are SBI (up 5.2%) and YES BANK (up 19.1%).

AXIS BANK (down 1.1%) is among the top loser today.

Over the last one year, SBI has moved up from Rs 273 to Rs 305, registering a gain of Rs 32 (up 11.6%).

On the other hand, the BSE BANKEX has moved up from 27,879 to 34,239, registering a gain of 6,360 points (up 22.8%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were KOTAK MAHINDRA BANK (up 42.3%), ICICI BANK (up 36.2%) and AXIS BANK (up 31.4%).

What About the Benchmark Indices?

The BSE Sensex is at 40,345 (up 0.6%).

The top gainers among the BSE Sensex stocks today are YES BANK (up 19.1%), SBI (up 5.2%) and INFOSYS (up 5.0%). Other gainers include TATA MOTORS (up 3.7%) and TATA MOTORS DVR (up 2.8%). The most traded stocks in the BSE Sensex are YES BANK and TATA MOTORS.

In the meantime, NSE Nifty is at 11,928 (up 0.7%). YES BANK (up 24.1%) and ZEE ENTERTAINMENT (up 9.8%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,891 to 40,345, registering a gain of 6,454 points (up 18.9%).

SBI Financial Update...

SBI net profit down at Rs 30 billion for the quarter ended September 2019, compared to a loss of Rs 40 billion a year ago. Operating income rose 3.3% to Rs 643.1 billion during the period as against Rs 622.8 billion in July-September 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 26.9x.