Business Daily from THE HINDU group of publications
Tuesday, Jul 31, 2007
ePaper
Business Daily from THE HINDU group of publications Tuesday, Jul 31, 2007 ePaper |
|
|
|
|
|
|
|
|
|
|
Home Page
-
Stock Markets Markets - Stocks Money & Banking - Public Sector Banks Columns - Ear to the ground
Three SBI subsidiaries – State Bank of Bikaner and Jaipur (SBBJ), State Bank of Travancore (SBT) and State Bank of Mysore – have been gaining and registering new peaks in recent times on the bourses. According to market sources, the recent announcement by SBBJ to the NSE on removal of ceiling on individual holdings is triggering interest in the stock. Till now, an individual can hold only a maximum of 200 shares in his own name or jointly with oth ers. The sources expect similar announcements from the other subsidiaries, which could create liquidity in the stocks. This would also pave way for the subsidiaries to merge with SBI, according to brokers. SBT gained five per cent to close at Rs 5,858.70 on the BSE, while SBBJ jumped three per cent to end at Rs 5,762.05; both stocks gained in excess of 20 per cent in a week, albeit on low volumes. SBM, which slipped 2.9 per cent to Rs 7,900 on Monday, had gained about nine per cent over the week. K.S. Badri Narayanan
More Stories on : Stock Markets | Stocks | Public Sector Banks | Ear to the ground
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2007, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|
