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%).

Revealed: Top 3 Stocks for 2020 and Beyond

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.



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