Stock market news: SBI shares fall 1%

NEW DELHI: Shares of State Bank of India traded 1.06 per cent down in Thursday's trade at 12:09PM (IST). Around 918964 shares changed hands on the counter. The stock opened at Rs 197 and touched an intraday high and low of Rs 198 and Rs 195.8, respectively, in the session so far.

The stock quoted a 52-week high of Rs 373.8 and a 52-week low of Rs 150.2.

A recent report said that the country’s largest lender State Bank of India could be sitting on a goldmine when it comes to its digital startup YONO (You only need one). The super-app could be valued at $40 billion with the lender considering long term plans to hive it off as a separate entity once it assumes a certain size.

Financials
State Bank of India, incorporated in the year 1955, is a banking company (having a market cap of Rs 175814.85 Crore).

State Bank of India key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 179748.84 Crore to Sales Value (69.85 per cent of Total Sales), Income From Investment which contributed Rs 68204.72 Crore to Sales Value (26.50 per cent of Total Sales), Interest which contributed Rs 6449.63 Crore to Sales Value (2.50 per cent of Total Sales) and Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 2920.41 Crore to Sales Value (1.13 per cent of Total Sales)for the year ending 31-Mar-2020.

Promoter holding
Promoters held 56.92 per cent stake in the company as of quarter ended 31st Jun 2020.

Valuation ratio
It quoted a price-to-earnings ratio of 8.13 and price to book value of 0.77.