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State Bank of India sees sustained selling

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State Bank of India is quoting at Rs 152.3, down 0.33% on the day as on 13:24 IST on the NSE. The stock tumbled 54.88% in last one year as compared to a 23.6% slide in NIFTY and a 42.24% fall in the Nifty Bank index.

State Bank of India dropped for a fifth straight session today. The stock is quoting at Rs 152.3, down 0.33% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is up around 0.75% on the day, quoting at 8945.7. The Sensex is at 30372.19, up 0.58%.State Bank of India has lost around 17.56% in last one month.Meanwhile, Nifty Bank index of which State Bank of India is a constituent, has eased around 9.81% in last one month and is currently quoting at 17486.25, up 0.11% on the day. The volume in the stock stood at 428.52 lakh shares today, compared to the daily average of 602.29 lakh shares in last one month.

The benchmark May futures contract for the stock is quoting at Rs 152.2, down 0.13% on the day. State Bank of India tumbled 54.88% in last one year as compared to a 23.6% slide in NIFTY and a 42.24% fall in the Nifty Bank index.

The PE of the stock is 14.1 based on TTM earnings ending December 19.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 20 2020. 13:35 IST
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