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

  • It makes sense to highlight PM’s achievements with little noise to attract greater attention

    Are prime minister Narendra Modi and the BJP going over the top?

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Arun Nigavekar

Can Hefa actually become a reality?

The ministry of human resource development (MHRD) is actively wo­rking ...

Kuruvilla Pandikattu

The India of our dreams

The speech “I have a dr­eam,” that Martin Luther King ...

Shona Adhikari

Head to Tate Modern for a refresher course on Bhupen Khakhar

India’s celebrated artist Bhupen Khakhar’s exhibition, titled You Can’t Please ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture