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’s time to shift sugarcane production to water abundant states of eastern India

    During the 10 years of UPA rule, the country was able to come out of the so-called sugar cycle — two years of surplus followed by two years of defic

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Simon J Evenett

VW scandal has lessons for Make in India

In recent years, when it comes to widespread corporate wrongdoing, ...

Zehra Naqvi

Do you seek peace or conflict?

The pursuit of peace se­ems to be one of the ...

Dharmendra Khandal

So, how do we define a 'vermin'?

These days there’s an ongoing debate whether to declare various ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture