State Bank of India lost 2.65% to Rs 289.80 at 13:46 IST on BSE after a bulk deal of 22.59 lakh shares was executed on the scrip at Rs 286.40 per share at 10:58 IST on BSE.
Meanwhile, the S&P BSE Sensex was down 722.86 points, or 2.08% to 34,034.30.
Bulk deal boosted volume on the counter. On the BSE, 64.20 lakh shares were traded in the counter so far, compared with average daily volumes of 16.46 lakh shares in the past two weeks. The stock had hit a high of Rs 291.50 and a low of Rs 283.10 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.
State Bank of India announced during trading hours today, 6 February 2018, that its board will meet on 9 February 2018, to consider the proposal for raising equity capital by way of preferential allotment of equity shares to Government of India to the tune of Rs 8800 crore, subject to necessary approvals.
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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