State Bank of India rose 0.74% to Rs 232.05 at 9:19 IST on BSE after the bank said its Committee of Directors authorized the bank to raise upto Rs 12000 crore by way of issue of Basel Ill compliant Tier II bonds, at par, through private placement.
The announcement was made after market hours yesterday, 21 December 2015.
Meanwhile, the S&P BSE Sensex was down 26.29 points or 0.1% at 25,709.61.
On BSE, so far 60,000 shares were traded in the counter as against average daily volume of 12.15 lakh shares in the past two weeks.
The stock hit a high of Rs 232.10 and a low of Rs 230.70 so far during the day. The stock had hit a 52-week high of Rs 335.90 on 28 January 2015. The stock had hit a 52-week low of Rs 220.60 on 7 September 2015.
The stock had underperformed the market over the past one month till 21 December 2015, sliding 5.21% compared with Sensex's 0.51% fall. The scrip had also underperformed the market in past one quarter, declining 6.04% as against Sensex's 1.75% fall.
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The large-cap state-run bank has equity capital of Rs 776.28 crore. Face value per share is Re 1.
State Bank of India (SBI)'s net profit rose 25.1% to Rs 3879.07 crore on 12% growth in total income to Rs 46854.81 crore in Q2 September 2015 over Q2 September 2014.
The Government of India held 60.18% stake in SBI (as per the shareholding pattern as on 30 September 2015).
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