SBI Plunges by 11%; BSE BANKEX Index Down 14.5%

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SBI Plunges by 11%; BSE BANKEX Index Down 14.5%
Mon, 23 Mar 12:28 PM

SBI share price has plunged 11% and is presently trading at Rs 200.

Meanwhile, the BSE BANKEX Index is at 21,676 (down 14.5%).

Among the top losers in the BSE BANKEX Index today are SBI (down 10.7%) and KOTAK MAHINDRA BANK (down 11.0%).

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.

Revealed: 3 Stocks for Potentially Massive Gains

What About the Benchmark Indices?

The BSE Sensex is at 27,901 (down 12.1%).

In the meantime, NSE Nifty is at 8,159 (down 12.0%).

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 31.47%).

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 14.2x.



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