Trending stocks: SBI shares down over 1% in early trade

NEW DELHI: Shares of State Bank of India traded 1.24 per cent down in Wednesday's trade at 09:19AM (IST).
Around 29395 shares changed hands on the counter. The stock opened at Rs 171.85 and touched an intraday high and low of Rs 171.85 and Rs 170.15, respectively, in the session so far.

The stock quoted a 52-week high of Rs 373.8 and a 52-week low of Rs 150.2.


The country's largest lender SBI on Tuesday said it will seek shareholders' approval in mid-July to raise up to Rs 20,000 crore equity capital through various means in the current fiscal.


Financials
State Bank of India, incorporated in the year 1955, is a banking company (having a market cap of Rs 154306.53 Crore).

State Bank of India key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 161640.23 Crore to Sales Value (66.55 % of Total Sales), Income From Investment which contributed Rs 74406.16 Crore to Sales Value (30.63 % of Total Sales) and Interest which contributed Rs 5643.19 Crore to Sales Value (2.32 % of Total Sales)for the year ending 31-Mar-2019.

Promoter holding
Promoters held 56.92 per cent stake in the company as of quarter ended 31st Mar 2020.

Valuation ratio
It quoted a price-to-earnings ratio of 7.81 and price to book value of 0.64.