The scrip soared further to touch a high of Rs 2,235 and finally settled at Rs 2,196, up 5% from the previous close. The counter clocked volumes of 624,386 shares on the BSE today and advanced 23% in a month's time.
__________________________________________
(Updated at 1040hrs)
SBI is the leading gainer on the Sensex today, and is currently trading at Rs 2,135, up by 2.1% or 44 points.
State Bank of India (SBI) Chairman O P Bhatt had recently said that no increase in interest rates is expected soon, allaying apprehensions on the return of a tight money policy.
In the recent past, the country's largest bank has been aggressive in cutting the lending rates, especially for buyers of homes and cars. It is extending these loans at 8 per cent interest per annum.
The stock had opened at Rs 2,087, and has touched a high of Rs 2,145 and a low of Rs 2,087 so far during the day.
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