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SBI gains 2% to hit a new high ahead of Q2FY23 results

The stock of state-owned lender surpassed its previous high of Rs 586.1, which it had touched on October 25, 2022

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SI Reporter Mumbai
Shares of State Bank of India (SBI) surged 2 per cent to hit a new high of Rs 587.9 per share in Thursday’s intra-day trade, ahead of the July-September quarter results (Q2FY23).

The stock of state-owned lender surpassed its previous high of Rs 586.1, which it had touched on October 25, 2022. In the past one month, it outperformed market as it soared 14 per cent, as against 7 per cent rise in the S&P BSE Sensex.

The board of directors of SBI is scheduled to meet on Saturday, November 5, 2022 to consider the financial results of

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