State Bank Of India (SBI) is currently trading at Rs 2265.00, up by 40.90 points or 1.84% from its previous closing of Rs 2224.10 on the BSE.
The scrip opened at Rs 2255.00 and has touched a high and low of Rs 2274.70 and Rs 2240.05 respectively. So far 124226 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 2959.90 on 25-Apr-2011 and a 52 week low of Rs 1576.00 on 20-Dec-2011.
Last one week high and low of the scrip stood at Rs 2274.70 and Rs 2090.20 respectively. The current market cap of the company is Rs 151676.26 crore.
The promoters holding in the company stood at 61.58% while Institutions and Non-Institutions held 25.84% and 10.05% respectively.
State Bank of India (SBI), country's largest public sector lender is planning to purchase loans from banks in the US and Europe to improve its credit assets abroad and profitability. It is likely to buy loans given mostly to Indian companies.
The bank seeks acquisitions and planning to expand the business due to record net interest margin for its international loans. Credit at State Bank's overseas offices expanded 21% last year, compared with a 17% increase at its local unit.
Better access to dollar funding which gives bank confidence that it will be able to widen the margins further. Shedding of assets by European and some American lenders in aftermath of the crisis gives bank an opportunity to buy them selectively. The lender will sell medium-term notes to raise up to $1 billion after May.
| Company Name | CMP |
|---|---|
| SBI | 811.85 |
| Bank Of Baroda | 245.20 |
| Canara Bank | 100.60 |
| PNB | 101.65 |
| Union Bank Of India | 118.10 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Limited to the first 10 users today!
Practical Stock Investing Hand Book
By - Raymond Moses
Founder of MoneyWorks4Me | Consultant | Trainer | Author | TEDx Speaker
Register & Get Instant Access!Don't miss out! First 10 users today get it FREE
With this 4 hrs Masterclass, you’ll be able to:
Download APP
