Comments
Shares of SBI’s associate banks were on fire with two of them hitting new 52-week highs. All the three associate banks witnessed huge trading volume in the light of expected amendments to banking regulations today.
However, the shares of the parent bank itself remained subdued making only marginal gain minutes before the markets was to close today.
The biggest gainer was State Bank of Mysore which gained Rs 104 or 17.45 per cent to trade at Rs 699.95 with a trading volume of 2.24 lakh shares. The stock had hit a fresh 52-week high of Rs 715 before easing a bit.
State Bank of Bikaner and Jaipur was another SBI associate to touch a yearly high today with the stock moving up to Rs 492.75 before falling to Rs 468.40, a gain of Rs 55.25 or 13.37 per cent. The counter recorded a trading volume of 10.92 lakh shares.
State Bank of Travancore jumped to Rs 618.50, a gain of Rs 76.90 or 14.20 per cent and it saw a trading volume of 6.72 lakh shares.
However, SBI itself remained largely unmoved and gained just Rs 4.85 to move to Rs 2,321.05 on the NSE.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.