SBI stock trades higher for third straight session, nears record high

The stock was up 1.4 per cent at Rs 471 on the BSE in Wednesday's intra-day trade, quoting close to its record high of Rs 471.85 touched on September 17, 2021

Shares of State Bank India (SBI) were up 1.4 per cent at Rs 471 on the BSE in Wednesday’s intra-day trade, quoting close to its record high of Rs 471.85 touched on September 17, 2021. The stock of the state-owned giant was trading higher for the third straight day, having gained 4 per cent during the period.

In the past one month, SBI has outperformed the market and is up 9 per cent, as compared to a 2.8 per cent rise in the S&P BSE Sensex. In the past six months, it has rallied 34 per cent against a