Published on 19/05/2017 4:51:58 PM | Source: Dion Global Solutions Ltd

State Bank of India rises on robust Q4 profit

Posted in Stock Market | #Banking Sector #Stock Market #SBI #BSE #Quarterly Result

Shares of State Bank of India grew nearly 2 per cent on the Bombay Stock Exchange (BSE) after the state-owned lender reported over two-fold jump in its net profit at Rs 2,814.82 crore for the March quarter. It had registered a standalone net profit of Rs 1,263.81 crore in the same period a year ago.

Cheering the bank’s performance in Q4, shares of the bank rose 1.91 per cent to Rs 308.75 apiece on Bombay Stock Exchange at 15:01 hours. In a similar fashion, stocks of the bank climbed 1.91 per cent to Rs 308.75 apiece, or 5.80 points, on National Stock Exchange at 14:59 hours.

Meanwhile, the broader benchmark BSE Sensex was trading at 30,490.89, up 0.18 per cent, or 56.10 points, at 15:01 hours.