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Apr 25, 2011, 11.02 AM IST

SBI rallies on buzz of five associate banks merger

State Bank of India (SBI) touched an intraday high of Rs 2,959.90 and an intraday low of Rs 2,870. At 09:24 hrs the share was quoting at Rs 2,926.10, up Rs 65.75, or 2.30%.

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State Bank of India (SBI) touched an intraday high of Rs 2,959.90 and an intraday low of Rs 2,870. At 09:24 hrs the share was quoting at Rs 2,926.10, up Rs 65.75, or 2.30%.


The finance ministry has asked SBI to work out the cost implications of merging the remaining five associate banks with itself before the government approves the proposed rights issue, reports Economic Times.
 
It was trading with volumes of 47,104 shares. In the previous trading session, the share closed up 2.34% or Rs 65.30 at Rs 2,860.35.


Share Price Movement During The Last 12 Months
Period Price Latest Price Gain/Loss (Rs.) % Gain/Loss
3-Days 2738.55 2926.10 187.55 6.85
5-Days 2803.30 2926.10 122.80 4.38
7-Days 2803.30 2926.10 122.80 4.38
15-Days 2796.80 2926.10 129.30 4.62
1-Month 2582.70 2926.10 343.40 13.30
3-Month 2597.95 2926.10 328.15 12.63
6-Month 3196.40 2926.10 -270.30 -8.46
9-Month 2437.15 2926.10 488.95 20.06
1-Year 2105.20 2926.10 820.90 38.99


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