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State Bank of Bikaner and Jaipur surges on reporting 32% rise in Q4 net profit

20 Apr 2012 Evaluate

State Bank of Bikaner and Jaipur is currently trading at Rs. 411.00, up by 2.70 points or 0.66% from its previous closing of Rs. 408.30 on the BSE.

The scrip opened at Rs. 408.00 and has touched a high and low of Rs. 423.80 and Rs. 407.00 respectively. So far 114794 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 600.00 on 10-May-2011 and a 52 week low of Rs. 302.25 on 29-Dec-2011.

Last one week high and low of the scrip stood at Rs. 423.80 and Rs. 380.95 respectively. The current market cap of the company is Rs. 2883.30 crore.

The promoters holding in the company stood at 75.07% while Institutions and Non-Institutions held 6.06% and 18.87% respectively.

State Bank of Bikaner and Jaipur has reported results for fourth quarter ended March 31, 2012.

The company has posted a rise of 32.02% in its net profit at Rs 247.88 crore for the quarter ended March 31, 2012 as compared to Rs 187.76 crore for the same quarter in the previous year. Total income has increased by 27.32% at Rs 1996.79 crore for quarter under review as compared to Rs 1568.38 crore for the quarter ended March 31, 2011.

The bank's main area of operation is in the state of Rajasthan, with presence at all important centres in the country. The bank has 860 branches spread over the country. On the technology front, the bank migrated all branches to Core Banking Solution (CBS) and became among the first few banks in India to offer online banking facility across the country.   

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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