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State Bank of India stays in demand

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Capital Market

State Bank of India is quoting at Rs 206.5, up 2.51% on the day as on 12:54 IST on the NSE. The stock is down 26.3% in last one year as compared to a 3.75% gain in NIFTY and a 17.47% gain in the Nifty Bank index.

State Bank of India is up for a third straight session in a row. The stock is quoting at Rs 206.5, up 2.51% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 0.06% on the day, quoting at 11472.85. The Sensex is at 38860.73, up 0.16%. State Bank of India has added around 10.34% in last one month.

 

Meanwhile, Nifty Bank index of which State Bank of India is a constituent, has added around 5.58% in last one month and is currently quoting at 22833, up 1.03% on the day. The volume in the stock stood at 536.9 lakh shares today, compared to the daily average of 646.22 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 206.55, up 2.35% on the day. State Bank of India is down 26.3% in last one year as compared to a 3.75% gain in NIFTY and a 17.47% gain in the Nifty Bank index.

The PE of the stock is 16.1 based on TTM earnings ending June 20.

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First Published: Aug 25 2020 | 1:05 PM IST

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