SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

SBI gains on the buzz of mopping up Rs 9,576 crore via share sale

02 Dec 2013 Evaluate

State Bank of India (SBI) is currently trading at Rs. 1841.50, up by 20.00 points or 1.10% from its previous closing of Rs 1821.50 on the BSE.

The scrip opened at Rs 1826.00 and has touched a high and low of Rs 1853.00 and Rs 1826.00 respectively. So far 160997 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2550.00 on 10-Jan-2013 and a 52 week low of Rs. 1452.90 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs 1829.80 and Rs 1741.05 respectively. The current market cap of the company is Rs 126005.90 crore.

The promoters holding in the company stood at 62.31% while Institutions and Non-Institutions held 26.56% and 8.37% respectively.

State Bank of India (SBI), the country’s largest public sector bank is reportedly planning to mop-up around Rs 9,576 crore through a share sale to institutional investors or a follow-on public offer. The bank is also planning to raise another Rs 2,000 crore through sale of shares to the government on a preferential basis.

The bank posted its steepest quarterly profit fall in more than two years in the three months to September as non-performing loans increased, putting pressure on the lender to raise funds quickly.

The company reported 35.07% fall in its net profit at Rs 2375.01 crore for the quarter as compared to Rs 3658.14 crore for the same quarter in the previous year. However, total income of the company increased by 12.88% at Rs 37199.92 crore for quarter under review as compared to Rs 32953.47 crore for the quarter ended September 30, 2012.

SBI Share Price

1063.20 -3.50 (-0.33%)
13-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
SBI 1063.20
PNB 110.75
Canara Bank 138.90
Bank Of Baroda 275.85
Union Bank Of India 184.70
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×