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SBI Surges by 5%; BSE BANKEX Index Up 3.1%

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SBI Surges by 5%; BSE BANKEX Index Up 3.1%
Mon, 20 May 10:08 AM

SBI share price has zoomed 5% and is presently trading at Rs 337.

Meanwhile, the BSE BANKEX Index is at 33,962 (up 3.1%).

Among the top Gainers in the BSE BANKEX Index today are SBI (up 5.3%) and FEDERAL BANK (up 6.9%).

Over the last one year, SBI has moved up from Rs 243 to Rs 337, registering a gain of Rs 93 (up 38.1%).

On the other hand, the BSE BANKEX has moved up from 29,171 to 33,962, registering a gain of 4,791 points (up 16.2%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 42.6%), SBI (up 38.1%) and ICICI BANK (up 37.9%).

What About the Benchmark Indices?

The BSE Sensex is at 38,893 (up 2.2%).

The top gainers among the BSE Sensex stocks today are SBI (up 5.3%), L&T (up 5.1%) and TATA STEEL (up 4.7%). Other gainers include M&M (up 4.5%) and ICICI BANK (up 4.5%). The most traded stocks in the BSE Sensex are YES BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 11,694 (up 2.3%). INDIABULLS HOU. FIN. (up 7.1%) and SBI (up 7.0%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,149 to 38,893, registering a gain of 3,744 points (up 10.3%).

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 2018, SBI reported 971.9% increase in net profit to Rs 41.9 billion compared to net profit of Rs 3.9 billion during FY17.

Revenue of the company grew 0.6% to Rs 2,290 billion during FY18.

The current Price to earnings ratio of SBI, based on rolling 12 month earnings, stands at 347.7x.

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