Stock of State Bank of India, the country's largest bank, today touched its 52 week high at Rs 2,692 after it announced that it has posted 26 per cent jump in its consolidated net profit to Rs 2,935 crore as compared to Rs 2,330 crore in the previous quarter, a year ago.
The stock gained 3.4 per cent during the early afternoon trading.
The bank has posted a net profit of Rs 3,365.2 crore in the June quarter of FY 2011 as compared to Rs 2,758.5 crore as compared to the corresponding quarter of FY 2010. Its total income came down marginally to Rs 32,808 crore in Q1 of FY 2011 from Rs 33,132 crore it posted in the corresponding quarter of FY 2010.