State Bank Of India

State Bank of India (SBI) is currently trading at Rs. 300.75, up by 4.85 points or 1.64% from its previous closing of Rs. 295.90 on the BSE.

The scrip opened at Rs. 295.00 and has touched a high and low of Rs. 301.00 and Rs. 287.20 respectively. So far 1975831 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 327.10 on 01-Dec-2014 and a 52 week low of Rs. 145.60 on 14-Feb-2014.

Last one week high and low of the scrip stood at Rs. 318.65 and Rs. 293.25 respectively. The current market cap of the company is Rs. 223822.61 crore.

The promoters holding in the company stood at 58.60% while Institutions and Non-Institutions held 31.25% and 8.03% respectively.

India largest banker, State Bank of India (SBI) has inked Memorandum of Understanding (MOU) to provide credit to small tea growers operating with Amalgamated Plantations Private (APPL), a Tata Enterprise. APPL has around 31,000 small tea growers which supply green leaf.

Tea sector in Assam is under pressure following increased cost of production. The industry is facing shortage of workers, absenteeism, change in distribution pattern of rainfall, low prices of tea, rise in input costs, impending wage hike, Plantation Labour Act (PLA) & minimum notified wages.