SBI extends Monday's gains

Meanwhile, the S&P BSE Sensex was up 250.50 points or 1.36% at 18,608.30.

On BSE, 1.74 lakh shares were traded in the counter as against average daily volume of 3.74 lakh shares in the past one quarter.

The stock hit a high of Rs 2,180 and a low of Rs 2,140 so far during the day. The stock had hit a 52-week high of Rs 2,550 on 10 January 2013. The stock had hit a 52-week low of Rs 1,804.50 on 16 May 2012.

The stock had outperformed the market over the past one month till 15 April 2013, sliding 5.17% compared with the Sensex's 5.51% fall. The scrip had, however, underperformed the market in past one quarter, declining 13.83% as against Sensex's 8.15% fall.

The large-cap state-run bank has equity capital of Rs 684.03 crore. Face value per share is Rs 10.

Shares of State Bank of India (SBI) have risen 4.03% in two trading sessions from Rs 2,082.05 on 12 April 2013, after the bank after market hours on 12 April 2013 said it has concluded the issue of $1 billion Fixed Rate Senior Unsecured Notes having a maturity of 5 years at a coupon of 3.25% per annum payable semi-annually. The stock had risen 3% to settle at Rs 2,144.70 on Monday, 15 April 2013.

SBI said that the bonds will be issued through the bank's London branch as of 18 April 2013 and shall be listed on Singapore Stock Exchange (SGX).

SBI's net profit rose 4.1% to Rs 3396.06 crore on 14.1% growth in total income to Rs 33992.11 crore in Q3 December 2012 over Q3 December 2011.

SBI is India's biggest commercial bank in terms of branch network. The Government of India (GoI) holds 61.58% stake in SBI (as per the shareholding pattern as on 31 December 2012).

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