State Bank of India rose 1.95% to Rs 2,772.20 at 13:01 IST on BSE after the company reported strong Q2 September 2014 results during trading hours today, 14 November 2014.
Meanwhile, the BSE Sensex was up 57.99 points, or 0.21%, to 27,998.63.
On BSE, so far 3.94 lakh shares were traded in the counter, compared with an average volume of 2.39 lakh shares in the past one quarter.
The stock hit a high of Rs 2,789.50 and a low of Rs 2,721.40 so far during the day. The stock hit a 52-week high of Rs 2,833.85 on 26 May 2014. The stock hit a 52-week low of Rs 1,455.95 on 14 February 2014.
The stock had outperformed the market over the past one month till 13 November 2014, rising 9.59% compared with 5.90% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 14.80% as against Sensex's 7.80% rise.
The large-cap company has an equity capital of Rs 746.57 crore. Face value per share is Rs 10.
State Bank of India (SBI)'s net profit rose 30.54% to Rs 3100.41 crore on 12.46% increase in total income to Rs 41833.36 crore in Q2 September 2014 over Q2 September 2013.
SBI's ratio of net non-performing assets (NPAs) to net advances stood at 2.73% as on 30 September 2014, compared with 2.66% as on 30 June 2014 and 2.91% as on 30 September 2013.
The bank's ratio of gross NPAs to gross advances stood at 4.89% as on 30 September 2014, compared with 4.90% as on 30 June 2014 and 5.64% as on 30 September 2013.
Provisions and contingencies rose 41.15% to Rs 4274.98 crore in Q2 September 2014 over Q2 September 2013. The provisioning coverage ratio as on 30 September 2014 stood at 63.18%.
The bank's Capital Adequacy Ratio (CAR) as per Basel III norms stood at 12.33% as on 30 September 2014, compared with 12.33% as on 30 June 2014 and 11.69% as on 30 September 2013.
On a consolidated basis, SBI's net profit rose 30.95% to Rs 4023.84 crore on 15.02% increase in total income to Rs 61098.67 crore in Q2 September 2014 over Q2 September 2013.
The Government of India holds 58.6% stake in SBI (as per the shareholding pattern as on 30 September 2014).
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