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State Bank of India extends winning spree

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Capital Market

State Bank of India is quoting at Rs 215.2, up 2.55% on the day as on 12:49 IST on the NSE. The stock is down 24.46% in last one year as compared to a 4.99% gain in NIFTY and a 14.91% gain in the Nifty Bank.

State Bank of India rose for a fifth straight session today. The stock is quoting at Rs 215.2, up 2.55% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.41% on the day, quoting at 11597.45. The Sensex is at 39274.86, up 0.51%. State Bank of India has added around 13.59% in last one month.

 

Meanwhile, Nifty Bank index of which State Bank of India is a constituent, has added around 7.03% in last one month and is currently quoting at 23414.2, up 1.05% on the day. The volume in the stock stood at 467.86 lakh shares today, compared to the daily average of 672.04 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 215.7, up 2.86% on the day. State Bank of India is down 24.46% in last one year as compared to a 4.99% gain in NIFTY and a 14.91% gain in the Nifty Bank index.

The PE of the stock is 16.77 based on TTM earnings ending June 20.

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First Published: Aug 27 2020 | 1:00 PM IST

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