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SBI shares gain nearly 4% post Q2 results

Press Trust of India  |  New Delhi 

Shares of rose nearly 4 per cent, adding Rs 8,791 crore to the company's market valuation, after the company reported a consolidated net profit on a sequential basis.

The stock gained 3.45 per cent to end at Rs 295.30 on the Intra-day, it soared 5 per cent to Rs 299.90.

On the NSE, shares of the company jumped 3.76 per cent to settle at Rs 296.10.

The company's market valuation rose by Rs 8,791.07 crore to Rs 2,63,543.07 crore on the

The stock was the top gainer on both the key indices at close of trade.

On the equity volume side, 25.20 lakh shares of the company were traded on the and over 4 crore shares changed hands on the NSE during the day.

The country's largest lender reported 69 per cent decline in consolidated net profit to Rs 576.46 crore in the second quarter ended September 30.

The bank's net profit was Rs 1,840.43 crore in the July-September quarter of previous fiscal.

The had reported a net loss of Rs 4,230.44 crore in the first quarter of the current fiscal due to higher provisioning for bad loans.

Its total income (consolidated) rose to Rs 79,302.72 crore in the quarter under review, compared to Rs 74,948.51 crore in the year-ago period, of India (SBI) said in a regulatory filing.

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

First Published: Mon, November 05 2018. 18:05 IST