State Bank of India fell 0.33% to Rs 284.70 at 10:54 IST on BSE on buzz it has reduced the interest rate on home loans by 10 basis points to 9.9% per annum with effect from today, 13 April 2015.
Meanwhile, the BSE Sensex was up 14.90 points or 0.05% at 28,894.28.
On BSE, so far 5.89 lakh shares were traded in the counter as against average daily volume of 21.75 lakh shares in the past one quarter.
The stock was volatile. The stock fell as much as 0.71% at the day's low of Rs 283.60 so far during the day. The stock rose as much as 0.99% at the day's high of Rs 288.50 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 194.90 on 15 April 2014.
The stock had underperformed the market over the past one month till 10 April 2015, sliding 0.68% compared with Sensex's 0.59% rise. The scrip had also underperformed the market in past one quarter, declining 5.82% as against Sensex's 5.18% rise.
The large-cap company has equity capital of Rs 756.62 crore. Face value per share is Re 1.
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SBI's net profit rose 30.2% to Rs 2910.06 crore on 12.1% growth in total income to Rs 43783.98 crore in Q3 December 2014 over Q3 December 2013.
The Government of India held 58.6% stake in SBI (as per the shareholding pattern as on 31 December 2014).
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