MENU

Published on 6/11/2018 11:23:06 AM | Source: Dion Global Solutions Ltd

State Bank of India slips over 2% post Q2

Shares of State Bank of India (SBI) fell over 2 per cent in early trade on the Bombay Stock Exchange as investor resorted to profit booking after the country’s largest lender reported a net profit of Rs 944.87 crore for the September quarter, against a net loss of Rs 4,875.85 crore during the previous quarter. Following Q2 earnings number, shares of the bank declined as much as 2.38 per cent and touched an intra-day low of Rs 288.25 apiece on the Bombay Stock Exchange.

Paring early losses, stocks of the lender were trading at Rs 296.10 apiece, up 0.39 per cent, on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 35,048.50, up 97.58 points, or 0.28 per cent, from the previous close on the BSE at 11:00 hours.