SBI shares fall over 2 pc as investors book profit

Tags: Companies
Shares of SBI today ended more than 2 per cent down as investors booked profit in the blue-chip stock after a sharp rally in the previous session.

The stock of the country's largest bank ended at Rs 2,699.80, down 2.01 per cent on the BSE. In intra-day, it lost 4.64 per cent to Rs 2,627.15.

At the NSE, the scrip was down 2.25 per cent to end at Rs 2,691.50.

On the volume front, 6.34 lakh shares were traded at the BSE, while over 43 lakh shares were traded at the NSE during the day.

In the previous trade, shares of SBI had gained over 10 per cent.

Meanwhile, the broader market benchmark Sensex that breached 25,000-mark failed to hold above that level on heavy profit-booking and closed with a marginal rise of 23.53 points at 24,716.88.

SBI had on Friday declared a final dividend of Rs 30 per shares or 300 per cent for 2013-14.

SBI reported 8 per cent decline in net profit at Rs 3,041 crore for the fourth quarter ended March 31, 2014 on account of higher provisioning against bad loans.

It had a net profit of Rs 3,299 crore on standalone basis in the January-March quarter of the previous fiscal.

EDITORIAL OF THE DAY

  • Sebi’s guidelines for commodity bourses will help farmers get fair price

    As the timeline for the proposed merger of the Forward Market Commission (FMC) with the Securities and Exchange Board of India (Sebi) comes closer, th

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Urs Schoettli

The China story isn’t over yet

China’s financial markets are currently in the eye of a ...

Anuja Sharma

Love yourself to love others

“There are two basic motivating forces: fear and love. When ...

Gautam Gupta

It's a 'blog eat blog' world out there

Let me tell you, fashion journalism has truly taken the ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture