Meanwhile, the BSE Sensex was down 221.63 points, or 1.43% to 15,269.72.
On BSE, 3.40 lakh shares were traded in the counter as against an average daily volume of 8.07 lakh shares in the past one quarter.
The stock hit a low of Rs 1,617.40 so far during the day, which is a 52-week low for the counter. The stock hit a high of Rs 1,668.90 so far during the day. The stock had hit a 52-week high of Rs 2,959.90 on 25 April 2011.
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The stock had outperformed the market over the past one month till 16 December 2011, falling 4.78% compared with the Sensex's fall of 7.66%. The scrip had, however, underperformed the market in past one quarter, declining 13.63% as against 8.52% decline in the Sensex.
India's largest bank by branch network has an equity capital of Rs 635 crore. Face value per share is Rs 10.
The stock has lost 6.79% in two trading sessions from Rs 1,744.50 on Thursday, 15 December 2011, as the bank's advance tax payments reportedly fell 6.48% to Rs 1730 crore in Q3 December 2011 over Q3 December 2010.
On a consolidated basis, State Bank of India's (SBI) net profit rose 46.8% to Rs 3470.43 crore on 8.8% growth in total income to Rs 41249.08 crore in Q2 September 2011 over Q2 September 2010.
SBI is India's largest commercial bank with a network of over 13,000 branches and 5 associate banks. The bank offers a wide range of banking products and services to corporate and retail customers. Government of India held 59.4% stake in SBI (as on 30 September 2011).
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