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.


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