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SBI, associate banks extend gains on Cabinet approval for merger proposal

16 Jun 2016 Evaluate

State Bank of Travancore is currently trading at Rs. 564.50, up by 85.60 points or 17.87 % from its previous closing of Rs. 478.90 on the BSE. The scrip opened at Rs. 494.00 and has touched a high and low of Rs. 573.50 and Rs. 485.00 respectively. So far 607882 shares were traded on the counter.

State Bank of Mysore is currently trading at Rs. 657.45, up by 109.55 points or 19.99 % from its previous closing of Rs. 547.90 on the BSE. The scrip opened at Rs. 574.00 and has touched a high and low of Rs. 657.45 and Rs. 564.30 respectively. So far 357194 shares were traded on the counter.

State Bank of Bikaner & Jaipur is currently trading at Rs. 702.20, up by 102.60 points or 17.11% from its previous closing of Rs. 599.60 on the BSE. The scrip opened at Rs. 610.00 and has touched a high and low of Rs. 714.95 and Rs. 600.50 respectively.

State Bank of India is currently trading at Rs. 216.45, up by 0.80 points or 0.37 % from its previous closing of Rs. 215.65 on the BSE. The scrip opened at Rs. 216.20 and has touched a high and low of Rs. 218.50 and Rs. 213.10 respectively. So far 4365021 shares were traded on the counter.

Shares of all three listed associate banks of State Bank India (SBI) have surged up to 20% for the second straight trading session, after the Union Cabinet on Wednesday gave a go-ahead to the merger of five associate lenders and Bharatiya Mahila Bank with the SBI.

Peers
Company Name CMP
SBI 1067.20
PNB 113.55
Canara Bank 141.20
Bank Of Baroda 278.40
Union Bank Of India 187.55
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