India covid-19 Government India

SBI extends gains from Friday, rises another 5% on March quarter performance

Reading now: 419
www.livemint.com

₹3,580.81 from ₹838.4 in year-ago period.At 0105 pm, shares traded at ₹193.10, up 2.8% from its previous close, while the benchmark Sensex was up 1.3% at 34751.17.

The stock had risen 8% on Friday.Total income at the lender rose 0.4% to ₹76,027.51 crore in the quarter under review.Analysts at Emkay Global Financial, in a note to clients, said, "Gross slippages were lower at ₹8,300 crore due to absence of lumpy corporate Non Performing Assets(NPA), but agri NPAs were far higher at ₹5,200 crore.

The bank, among Public Sector Banks, has strong liability profile, higher retail orientation and reasonable capital position, while valuations 0.3 times FY2202E core absolute book value also look attractive".

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA