SBBJ, SBT, SBM all toe the SBI line: Sharyans Resources

What is the call any of the SBI associates and even the parent company itself?

CK Narayan: As far as the offshoots of State Bank of India are concerned, they just follow or try to follow the line of the main central parent which would be State Bank itself. Looking at the 3 offshoots which we have, I actually find on the charts that for whatever reason, State Bank of Mysore seems to have lost a lot more from the highs that had been reached about a few months back as compared to State Bank of Bikaner and Jaipur as well as State Bank of Travancore. Insofar as the trends the offshoots are concerned, Jaipur, Bikaner and Travancore look slightly better where you compare it with Mysore. But then they largely move as a pack and they are always moving in response to some news relating to the final merger with the parent itself.

So independently they do not have steam left within themselves to create boons. It would always be linked to these rumours and announcements. So you keep blowing and at the moment, State Bank is down. So those are also down. State Bank is near some supports. So are these set of banks. So their moves will be largely linked to the parent and you need not really look at it from an independent angle but insofar as the 3 are concerned, Bikaner, Jaipur and Travancore seem to be travelling as a pair, Mysore is lagging behind of it.