State Bank of India fell 0.89% to Rs 2,465.20 at 9:27 IST on BSE after the bank said its board approved a 10-for-1 stock split.
The announcement was made after market hours on Wednesday, 24 September 2014.
Meanwhile, the BSE Sensex was down 4.63 points, or 0.02%, to 26,740.06.
On BSE, so far 29,000 shares were traded in the counter, compared with an average volume of 2.33 lakh shares in the past one quarter.
The stock hit a high of Rs 2,508.85 and a low of Rs 2,459.20 so far during the day. The stock hit a 52-week high of Rs 2,833.85 on 26 May 2014. The stock hit a 52-week low of Rs 1,455.95 on 14 February 2014.
The stock had underperformed the market over the past one month till 24 September 2014, falling 1.43% compared with 1.23% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 6.47% as against Sensex's 5.42% rise.
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The large-cap bank has an equity capital of Rs 746.57 crore. Face value per share is Rs 10.
State Bank of India (SBI)'s net profit rose 3.3% to Rs 3349.08 crore on 12.6% growth in total income to Rs 40739.21 crore in Q1 June 2014 over Q1 June 2013.
The Government of India holds 58.60% stake in SBI (as per the shareholding pattern as on 30 June 2014).
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