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State Bank of India (SBI) is currently trading at Rs 1618.10, up by 8.40 points or 0.52% from its previous closing of Rs 1609.70 on the BSE.
The scrip opened at Rs 1598.00 and has touched a high and low of Rs 1626.80 and Rs 1590.30 respectively. So far 244111 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 2959.90 on 25-Apr-2011 and a 52 week low of Rs 1576.00 on 20-Dec-2011.
Last one week high and low of the scrip stood at Rs 1691.25 and Rs 1590.30 respectively. The current market cap of the company is Rs 102003.06 crore.
The promoters holding in the company stood at 59.40% while Institutions and Non-Institutions held 27.19% and 10.56% respectively.
State Bank of India (SBI), country’s largest public sector lender is likely to get around Rs 6,000 crore from the government as part of a equity infusion plan. The Ministry of Finance, Government of India (GOI) has decided to infuse Rs 16,000-17,000 crore under equity infusion plan, in public sector banks during the current financial year.
This infusion will bolster the equity base of SBI along with at least half-a-dozen other public sector banks. The move is of particular interest to SBI, as it has seen its credit rating downgraded by Moody's to D+ on the grounds that the bank's capital situation will come under pressure due to rising bad debt. At the end of September, SBI's Tier-I capital adequacy ratio was at 7.47%, lower than the government's comfort level but well above RBI-mandated 6%.
The bank has decided to make preferential allotment of shares to the government, which will result in not only the paid-up capital rising but even the centre's shareholding going up to at least 58% in all bank.
| Company Name | CMP |
|---|---|
| SBI | 830.10 |
| Bank Of Baroda | 265.15 |
| PNB | 129.40 |
| Canara Bank | 118.00 |
| Union Bank Of India | 160.20 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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