State Bank of India rose 1.59% to Rs 300.85 at 12:34 IST on BSE after a bulk deal of 16.57 lakh shares was executed on the scrip at Rs 298.05 per share at 10:46 IST on BSE.
Meanwhile, the S&P BSE Sensex was up 192.73 points, or 0.55% to 34,963.78.Bulk deal boosted volume on the counter. On the BSE, 24.30 lakh shares were traded in the counter so far, compared with average daily volumes of 12.48 lakh shares in the past two weeks. The stock had hit a high of Rs 301.50 and a low of Rs 292.65 so far during the day. The stock had hit a record high of Rs 351.50 on 26 October 2017. The stock had hit a 52-week low of Rs 241.25 on 19 October 2017.
The large-cap bank has equity capital of Rs 863.21 crore. Face value per share is Re 1.
On 11 January 2018, State Bank of India (SBI) had said that a proposal will be submitted to executive committee of central board (ECCB) today, 17 January 2018, for approval for issuance of long term bonds of Rs 20000 crore for financing of infrastructure and affordable housing in domestic and overseas market.
SBI's net profit fell 37.7% to Rs 1581.55 crore on 39.7% growth in total income to Rs 70865.80 crore in Q2 September 2017 over Q2 September 2016.
Government of India owned 56.61% stake in State Bank of India as per the shareholding pattern as on 31 December 2017.
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