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 26392.38

161.19 (0.61 %)

NSE 8001.95

53.00 (0.67%)

Widgets Magazine

STOCK WATCH

Company Price() Chg(%)
Future Consumer 16.15 11.76
Kolte Patil Dev. 164.95 10.30
Vakrangee 118.45 9.88
PC Jeweller 384.50 9.34
Gateway Distr. 361.20 7.32
> More on BSE Gainers
Company Price() Chg(%)
Future Consumer 16.25 12.07
Kolte Patil Dev. 166.00 11.00
Vakrangee 118.35 9.89
L G Balakrishnan 491.15 8.78
Gateway Distr. 363.50 8.33
> More on NSE Gainers
Company Price() Chg(%)
Sunrise Asian 260.70 -9.98
Symphony 2083.30 -6.39
I O B 34.95 -5.41
Indbull.RealEst. 62.55 -5.01
Goldline Intl. 205.50 -4.99
> More on BSE Gainers
Company Price() Chg(%)
Rasoya Proteins 0.20 -20.00
Usha Martin 15.25 -5.86
I O B 35.35 -5.73
GHCL 115.70 -5.47
Gammon India 13.90 -5.12
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price