SBI shares rebound 6% from day's low on in-line March quarter results

The board has declared a dividend of Rs 4 per equity share (400 per cent) for the financial year ended March 31, 2021

Shares of State Bank of India (SBI) bounced 6 per cent from its intra-day low and hit a high of Rs 399.70 on the BSE on Friday after the lender announced its March quarter result. The stock had initially fallen 3 per cent to Rs 378.10, from its opening level of Rs 390.45, post the announcement of the results.

At 02:36 pm, SBI was trading 3.5 per cent higher at Rs 397.85 on the BSE supported by heavy volumes. The trading volumes on the counter nearly doubled with a combined 148 million equity shares having changed hands on the NSE and