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State Bank of India surges on plan to invest Rs 150 crore in GIFT city in Gujarat

21 Feb 2014 Evaluate

State Bank of India is currently trading at Rs. 1496.10, up by 14.60 points or 0.99 % from its previous closing of Rs. 1481.50 on the BSE.

The scrip opened at Rs. 1485.00 and has touched a high and low of Rs. 1496.90 and Rs. 1485.00 respectively. So far 25012 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2469.25 on 20-May-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. 1515.65 and Rs. 1455.95 respectively. The current market cap of the company is Rs. 110604.80 crore.

The promoters holding in the company stood at 62.31 % while Institutions and Non-Institutions held 26.74 % and 8.53 % respectively.

State Bank of India (SBI), the country’s largest public sector bank is planning to invest Rs 150 crore to set up a commercial tower in the Gujarat International Finance Tec-City (GIFT) at Gandhinagar. The bank will develop commercial tower of around 0.2 million square feet of BUA (Built-up Area). The bank’s move to establish their tower at GIFT City is the testimony of GIFT emerging as the favoured destination for various financial institutions.

State Bank of India has reported 34.20% fall in its net profit at Rs 2234.34 crore for third quarter ended December 31, 2013 as compared to Rs 3396.06 crore for the same quarter in the previous year. However, total income of the bank has increased by 14.91% at Rs 39060.76 crore for quarter under review as compared to Rs 33992.11 crore for the quarter ended December 31, 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
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