Business Standard

Associate banks of SBI rally on heavy volumes

State Bank of Mysore, State Bank of Bikaner and Jaipur and State Bank of Travancore have rallied between 18-20% on the BSE.

SI Reporter  |  Mumbai 

Shares of all three listed – State Bank of Mysore, State Bank of Bikaner and Jaipur and State Bank of Travancore- associate banks of State Bank of India (SBI) have rallied up to 20% on back of huge volumes on the BSE.

has locked in 20% upper circuit at Rs 714, with no sellers on the counter. A combined 169,857 shares have already changed hands so far and there are pending buy orders for 15,893 shares on both the exchanges at 1335 hours.

State Bank of Bikaner and Jaipur has surged 19% to Rs 490 and State Bank of Travancore by 18% to Rs 642 on back of over two-fold jump in trading volumes. SBI, on the other hand, is trading flat at Rs 2,311 on the BSE.

In an interview to The Hindu, Pratip Chaudhuri, Chairman of SBI, said that once the bank comfortable with capital, it will undertake the merger of the remaining banks.

The board of the country’s largest lender had already given approval for the merger.

Of the five associate banks of SBI, State Bank of Hyderabad and State Bank of Patiala are unlisted. merged one of its associate, State Bank of Saurashtra, with itself in 2008. State Bank of Indore was merged with SBI in 2010.

RECOMMENDED FOR YOU

Associate banks of SBI rally on heavy volumes

State Bank of Mysore, State Bank of Bikaner and Jaipur and State Bank of Travancore have rallied between 18-20% on the BSE.

Shares of all three listed – State Bank of Mysore, State Bank of Bikaner and Jaipur and State Bank of Travancore- associate banks of State Bank of India (SBI) have rallied up to 20% on back of huge volumes on the BSE.

Shares of all three listed – State Bank of Mysore, State Bank of Bikaner and Jaipur and State Bank of Travancore- associate banks of State Bank of India (SBI) have rallied up to 20% on back of huge volumes on the BSE.

has locked in 20% upper circuit at Rs 714, with no sellers on the counter. A combined 169,857 shares have already changed hands so far and there are pending buy orders for 15,893 shares on both the exchanges at 1335 hours.

State Bank of Bikaner and Jaipur has surged 19% to Rs 490 and State Bank of Travancore by 18% to Rs 642 on back of over two-fold jump in trading volumes. SBI, on the other hand, is trading flat at Rs 2,311 on the BSE.

In an interview to The Hindu, Pratip Chaudhuri, Chairman of SBI, said that once the bank comfortable with capital, it will undertake the merger of the remaining banks.

The board of the country’s largest lender had already given approval for the merger.

Of the five associate banks of SBI, State Bank of Hyderabad and State Bank of Patiala are unlisted. merged one of its associate, State Bank of Saurashtra, with itself in 2008. State Bank of Indore was merged with SBI in 2010.

image

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

Widgets Magazine

More News

STOCK WATCH

Company Price() Chg(%)
I D F C 46.80 11.69
SE Investments 198.00 9.39
Marksans Pharma 50.65 7.20
Indbull.RealEst. 76.40 6.85
V-Guard Inds. 1266.65 6.72
> More on BSE Gainers
Company Price() Chg(%)
I D F C 46.75 11.44
Marksans Pharma 50.50 6.88
Indbull.RealEst. 76.30 6.86
Emami 1045.05 6.83
Birla Corpn. 401.35 6.37
> More on NSE Gainers
Company Price() Chg(%)
Inox Wind 241.80 -16.92
Rain Industries 31.45 -12.76
Castex Tech 7.29 -4.95
Guj Fluorochem 517.50 -4.84
Dishman Pharma. 153.40 -4.75
> More on BSE Gainers
Company Price() Chg(%)
ABG Shipyard 30.80 -19.90
Inox Wind 241.55 -17.12
Rain Industries 31.40 -12.90
Nitin Fire Prot. 35.10 -4.75
Aarti Drugs 464.45 -4.68
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard