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State Bank of India climbs higher on the bourses

30 Dec 2011 Evaluate

State Bank of India is currently trading at Rs. 1641.70, up by 14.65 points or 0.90% from its previous closing of Rs. 1627.05 on the BSE.

The scrip opened at Rs. 1638.40 and has touched a high and low of Rs. 1649.00 and Rs. 1633.00 respectively. So far 177967 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. 1675.00 and Rs. 1590.30 respectively. The current market cap of the company is Rs. 104095.38 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, county’s largest public sector lender’s home loan disbursement during the year up to November has been decreased by Rs 1,000 crore. The fall in disbursement is because of reduction in home sales across top cities due to high home prices and growing interest rates. In April-September 2011, SBI disbursed home loans worth Rs 12,700 crore, down from Rs 13,900 crore in the same period last year.

Along with the SBI, most bank including Housing Development Finance Corporation (HDFC) and Axis bank witnessed the fall in home loan disbursement especially in Mumbai and NCR, the silver lining has been tier-II and tier-III cities.

SBI is likely to get around Rs 6,000 crore from the government as part of 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.

SBI Share Price

1080.35 12.85 (1.20%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
SBI 1080.35
PNB 114.50
Canara Bank 142.35
Bank Of Baroda 280.00
Union Bank Of India 188.90
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