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State Bank of India in demand

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Capital Market

State Bank of India is quoting at Rs 195.65, up 3.74% on the day as on 12:54 IST on the NSE. The stock is down 45.58% in last one year as compared to a 6.52% slide in NIFTY and a 24.94% slide in the Nifty Bank index.

State Bank of India is up for a third straight session today. The stock is quoting at Rs 195.65, up 3.74% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 0.02% on the day, quoting at 10802.1. The Sensex is at 36656.39, down 0.05%. State Bank of India has gained around 6.07% in last one month.

 

Meanwhile, Nifty Bank index of which State Bank of India is a constituent, has gained around 10.71% in last one month and is currently quoting at 22628, up 1.4% on the day. The volume in the stock stood at 893.5 lakh shares today, compared to the daily average of 650.35 lakh shares in last one month.

The benchmark July futures contract for the stock is quoting at Rs 197, up 4.12% on the day. State Bank of India is down 45.58% in last one year as compared to a 6.52% slide in NIFTY and a 24.94% slide in the Nifty Bank index.

The PE of the stock is 18.58 based on TTM earnings ending March 20.

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First Published: Jul 08 2020 | 1:05 PM IST

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