Stock market news: State Bank of India shares gain nearly 2%

NEW DELHI: Shares of State Bank of India traded 1.67 per cent up in Friday's trade at 09:57AM (IST). Around 880069 shares changed hands on the counter. The stock opened at Rs 216.5 and touched an intraday high and low of Rs 219.4 and Rs 216.5, 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.

Financials

State Bank of India, incorporated in the year 1955, is a banking company (having a market cap of Rs 192459.25 Crore).

The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs .00 Crore (.00 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs .00 Crore (.00% of total assets).

State Bank of India key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 179748.84 Crore to Sales Value (69.85 % of Total Sales), Income From Investment which contributed Rs 68204.72 Crore to Sales Value (26.50 % of Total Sales), Interest which contributed Rs 6449.63 Crore to Sales Value (2.50 % of Total Sales) and Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 2920.41 Crore to Sales Value (1.13 % of Total Sales)for the year ending 31-Mar-2020.

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

Valuation ratio
It quoted a price-to-earnings ratio of 9.03 and price to book value of 0.75.