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    HomeNewsBusinessMarketsState Bank of India Shares Surge 3.05% Amid Volume Spike

    State Bank of India Shares Surge 3.05% Amid Volume Spike

    The surge in State Bank of India shares, coupled with positive sentiment and solid financial performance, suggests a bullish outlook for the stock.

    Alpha Desk
    April 17, 2025 / 14:37 IST
    Disclaimer This is an AI-assisted live blog with updates sourced from multiple news outlets and agencies Disclaimer
    State Bank of India

    In today's session, State Bank of India (SBI) witnessed a significant surge, with the stock price climbing 3.05% to Rs 796.05. This increase was accompanied by a notable rise in trading volumes, suggesting strong market interest and potential accumulation.

    The surge in State Bank of India shares is particularly noteworthy given the recent historical sentiment. According to sentiment analysis, the stock's rating has improved from 'Neutral' on April 11, 2025, when the closing price was Rs 753.85, to 'Bullish' on April 16, 2025, with a closing price of Rs 771.75. Today, the sentiment has further escalated to 'Very Bullish' as the price reached Rs 796.00.

    Index Inclusion

    State Bank of India is a constituent of several key indices, including:
    • NIFTY 500
    • Nifty50 USD
    • NIFTY 50
    • NIFTY BANK
    • NIFTY 100
    • NIFTY PSU BANK
    • NIFTY SERV SECTOR
    • NIFTY FIN SERVICE
    • Nifty 200
    • NIFTY100 LIQ 15
    • NIFTY LargeMidcap 250
    • Nifty Financial Services 25/50
    • NIFTY Alpha Low-Volatility 30
    • Nifty LargeMidcap 250
    • Nifty500 Multicap 50:25:25
    • Nifty Total Market

    Financial Performance Snapshot


    A review of State Bank of India’s financial performance reveals the following trends:

    Consolidated Quarterly Results:

    ParameterDec 2023Mar 2024Jun 2024Sep 2024Dec 2024
    Revenue (Cr)Rs 112,868Rs 117,469Rs 118,242Rs 121,044Rs 124,653
    Net Profit (Cr)Rs 11,282Rs 21,736Rs 19,680Rs 20,219Rs 19,175
    EPSRs 12.40Rs 23.96Rs 21.65Rs 22.17Rs 21.12

    Consolidated Annual Results:

    Parameter20202021202220232024
    Revenue (Cr)Rs 269,851Rs 278,115Rs 289,972Rs 350,844Rs 439,188
    Net Profit (Cr)Rs 18,177Rs 24,317Rs 36,395Rs 56,609Rs 68,224
    EPSRs 22.15Rs 25.11Rs 39.64Rs 62.35Rs 75.17
    BVPSRs 254.69Rs 282.35Rs 316.22Rs 371.08Rs 434.06
    ROE (%)8.698.8912.5316.8017.31
    NIM (%)2.592.512.492.702.66

    The financial data indicates consistent growth in revenue and net profit over the years. The bank's improving EPS and ROE figures reflect enhanced profitability and efficiency. The Net Interest Margin (NIM) has remained relatively stable, indicating steady core banking operations.

    The surge in State Bank of India shares, coupled with positive sentiment and solid financial performance, suggests a bullish outlook for the stock. Investors will be closely monitoring State Bank of India's performance in the upcoming quarters to see if it can sustain this momentum.

    Alpha Desk
    first published: Apr 17, 2025 02:37 pm

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