
SBI tops Sensex losers’ chart despite record profit in Q1; here’s why
SBI shares ended 2.94% lower at ₹573.25 on the BSE amid surge in selling activities post Q1 results.
SBI shares ended 2.94% lower at ₹573.25 on the BSE amid surge in selling activities post Q1 results.
The board of SBI is scheduled to meet on January 3 to consider and approve a proposal to raise up to ₹10,000 crore through infrastructure bonds.
State Bank of India posted its highest ever standalone quarterly net profit at ₹13,265 crore in Q2 FY23, driven by strong loan growth and improved asset quality.
Post Q4 results, most analysts have maintained a 'buy' rating on SBI shares, with a potential upside of 51% from current market price.
Post Q4 results, SBI share price plunged 7.75% from the day’s high as top and bottom line growth failed to meet market estimates.