SBI shares surge 5%, hit 8-week high on heavy volumes

The bank's board of directors is scheduled to meet on Friday, May 21, 2021, to consider and approve approval of audited financial results for year ended 31st March, 2021 and dividend, if any

Shares of State Bank of India (SBI), on Monday, hit an eight-week high of Rs 377.30 after rising 5 per cent on the BSE in intra-day trade on the back of heavy volumes. The state-owned lender's stock was trading at its highest level since March 23, 2021, when it touched 377.7 in intra-day trade. It hit a record high of Rs 426 on February 18, 2021.

At 11:37 am, SBI was the top gainer among the S&P BSE Sensex stocks. A combined 43.11 million equity shares were changing hands on the NSE and BSE. In comparison, the benchmark index