SBI hits 52-week low; down 22% in two months

The stock hit a 52-week low of Rs 240.65, down 3% on the NSE, fallen below its previous low of Rs 241.15 touched on October 26, 2017 in intra-day trade.

State Bank of India (SBI) hit a 52-week low of Rs 240.65, down 3% on the National Stock Exchange (NSE), falling below its previous low of Rs 241.15 touched on October 26, 2017 in intra-day trade.

In past three months, SBI has underperformed the market by falling 22% as compared to 7% decline in the Nifty 50 index.

At 03:04 pm; the stock was trading 2.7% lower at Rs 241, against 0.32% decline in the benchmark index. It was the Nifty PSU Bank and Nifty Bank index.

According to PTI report, the Central Bureau of Investigation (CBI) has registered