SBI Surges by 9%; BSE BANKEX Index Up 1.3%

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SBI Surges by 9%; BSE BANKEX Index Up 1.3%
Thu, 31 Oct 01:40 PM

SBI share price has zoomed 9% and is presently trading at Rs 316.

Meanwhile, the BSE BANKEX Index is at 34,283 (up 1.3%).

Among the top Gainers in the BSE BANKEX Index today are SBI (up 8.9%) and YES BANK (up 25.9%).

HDFC BANK (down 0.2%) and ICICI BANK (down 0.4%) are among the top losers today.

Over the last one year, SBI has moved up from Rs 273 to Rs 316, registering a gain of Rs 43 (up 15.6%).

On the other hand, the BSE BANKEX has moved up from 27,879 to 34,283, registering a gain of 6,404 points (up 22.9%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were KOTAK MAHINDRA BANK (up 41.4%), ICICI BANK (up 35.6%) and AXIS BANK (up 31.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 40,345 (up 0.7%).

The top gainers among the BSE Sensex stocks today are YES BANK (up 25.9%), SBI (up 8.9%) and INFOSYS (up 4.9%). Other gainers include TATA MOTORS (up 3.5%) and TATA MOTORS DVR (up 2.3%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 11,932 (up 0.7%). YES BANK (up 24.6%) and ZEE ENTERTAINMENT (up 10.1%) 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 19.0%).

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 27.8x.

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