May 18, 2012, 01.45 PM IST | Source: Moneycontrol.com

SBI gains 4% post strong performance in Q4 nos

State Bank of India (SBI) rallied as much as 4% intraday on Friday to touch a high of Rs 1,922.80 after excellent performance in quarterly numbers. The bank reported a higher than expected profit after tax of 4,050 crore for the fourth quarter of financial year 2011-12 due to improvement in asset quality.

Country's largest lender State Bank of India (SBI) rallied as much as 4% intraday on Friday to touch a high of Rs 1,922.80 after excellent performance in quarterly numbers. The bank reported a higher than expected profit after tax of 4,050 crore for the fourth quarter of financial year 2011-12 due to improvement in asset quality. Analysts on average had expected it at Rs 3,580 crore. Net non-performing assets declined at 1.82% versus 2.22% quarter-on-quarter. 
 
At 13:37 hours IST, the share was trading at Rs 1,902.80, up 2.96%. Even its trading volumes increased 81% to 14,70,135 shares as compared to its 5-day average of 811,037 shares.
 
In the previous trading session, the share closed up 1.03% or Rs 18.90 at Rs 1,848.10. Market capitalisation of the company stands at Rs 127,686.41 crore.

Set email alert for

ADS BY GOOGLE

Buy & sell politicians on Power Play
- the political stock exchange

Price Update

Arvind Kejriwal

1711.96 1.85 0.11%

35128

Bought today

23053

Sold today

0.36%

User holding

video of the day

Chandra says satisfied with TCS' FY14, FY15 to be better

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.