SBI Plunges by 10%; BSE BANKEX Index Down 10.9%

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SBI Plunges by 10%; BSE BANKEX Index Down 10.9%
Mon, 23 Mar 09:49 AM

SBI share price has plunged 10% and is presently trading at Rs 200.

Meanwhile, the BSE BANKEX Index is at 21,676 (down 10.9%).

Among the top losers in the BSE BANKEX Index today are SBI (down 9.7%) and AXIS BANK (down 14.7%).

YES BANK (up 1.7%) is among the top gainer today.

Over the last one year, SBI has moved down from Rs 303 to Rs 200, registering a loss of Rs 103 (down 34.1%)..

The BSE BANKEX has moved down from 33,402 to 21,676, loss of 11,726 points (down 35.1%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were [param_historic_top3].

Read Now: When the Dust Settles, This Stock Would Have Potentially Created Millionaires

What About the Benchmark Indices?

The BSE Sensex is at 27,901 (down 9.2%).

In the meantime, NSE Nifty is at 8,159 (down 9.0%).

Over the last 12 months, the BSE Sensex has moved down from 38,387 to 27,901, registering a loss of 10,486 points (down 29.22%).

SBI Financial Update...

SBI net profit stood at Rs 56 billion for the quarter ended December 2019, compared to a profit of Rs 40 billion a year ago. Operating income rose 8.7% to Rs 676.9 billion during the period as against Rs 622.8 billion in October-December 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 14.4x.



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