SBI at All Time High; BSE BANKEX Index Up 0.3%

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SBI at All Time High; BSE BANKEX Index Up 0.3%
Fri, 5 Jul 12:46 PM

SBI share price has hit an all-time high at Rs 373 (up 0.7%).

Meanwhile, the BSE BANKEX Index is at 35,486 (up 0.3%).

Among the top gainers in the BSE BANKEX Index today are SBI (up 0.7%) and INDUSIND BANK (up 1.7%).

HDFC BANK (down 0.1%) and AXIS BANK (down 0.3%) are among the top losers today.

Over the last one year, SBI has moved up from Rs 258 to Rs 373, registering a gain of Rs 115 (up 43.7%).

The BSE BANKEX has moved up from 29,326 to 35,486, registering a gain of 6,160 points (up 20.7%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were ICICI BANK (up 60.0%), AXIS BANK (up 56.8%) and SBI (up 43.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 40,032 (down 0.1%). The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 1.7%), KOTAK MAHINDRA BANK (up 1.2%) and HUL (up 0.9%). Other gainers include BHARTI AIRTEL (up 0.8%) and ASIAN PAINTS (up 0.8%). The most traded stocks in the BSE Sensex are SBI and ICICI BANK.

In the meantime, NSE Nifty is at 11,982 (down 0.2%). The top gainers in the NSE Nifty include INDIABULLS HOU. FIN. (up 3.9%), INDUSIND BANK (up 2.2%) and BHARTI INFRATEL (up 2.0%). Other gainers include KOTAK MAHINDRA BANK (up 1.3%) and BHARTI AIRTEL (up 1.0%).

Over the last 12 months, the BSE Sensex has moved up from 35,645 to 40,032, registering a gain of 4,387 points (up 11.8%).

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 382.9x.

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

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