SBI Surges by 5%; BSE BANKEX Index Up 8.9%

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SBI Surges by 5%; BSE BANKEX Index Up 8.9%
Wed, 25 Mar 01:25 PM

SBI share price has zoomed 5% and is presently trading at Rs 193.

Meanwhile, the BSE BANKEX Index is at 21,400 (up 8.9%).

Among the top Gainers in the BSE BANKEX Index today are SBI (up 5.2%) and KOTAK MAHINDRA BANK (up 10.0%).

CITY UNION BANK (down 3.2%) and YES BANK (down 13.8%) are among the top losers today.

Over the last one year, SBI has moved down from Rs 294 to Rs 193, registering a loss of Rs 101 (down 34.4%).

On the other hand, the BSE BANKEX has moved down from 32,724 to 21,400, loss of 11,324 points (down 34.6%) during the last 12 months.

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What About the Benchmark Indices?

The BSE Sensex is at 28,244 (up 5.8%).

The top gainers among the BSE Sensex stocks today are AXIS BANK (up 15.0%), RELIANCE IND. (up 10.2%) and KOTAK MAHINDRA BANK (up 10.0%). Other gainers include ICICI BANK (up 9.4%) and MARUTI SUZUKI (up 8.9%). The most traded stocks in the BSE Sensex are RELIANCE IND. and KOTAK MAHINDRA BANK.

In the meantime, NSE Nifty is at 8,239 (up 5.6%). The top gainers in the NSE Nifty include AXIS BANK (up 15.0%), RELIANCE IND. (up 10.1%) and ICICI BANK (up 10.0%). Other gainers include KOTAK MAHINDRA BANK (up 10.0%) and MARUTI SUZUKI (up 9.2%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 37,809 to 28,244, registering a loss of 9,565 points (down 25.33%).

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 14.6x.



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