State Bank of India shares slip 6.62% in rough market session
Updated
Updated · MarketWatch · May 8
State Bank of India shares slip 6.62% in rough market session
7 articles · Updated · MarketWatch · May 8
The stock fell to 1,019.55 rupees as the BSE Sensex dropped 0.66% to 77,328.19 on Friday.
State Bank of India ended 17.43% below its 52-week high of 1,234.80 rupees reached on 24 February.
It lagged peers, with IndusInd Bank and Kotak Mahindra Bank rising while ICICI Bank fell 1.11%; volume reached 2.6 million against a 50-day average of 1.1 million.
Beyond earnings, how will rising oil prices and RBI's currency war impact India's largest bank?
SBI's stock just plunged on poor earnings. Is this a warning sign or a rare buying opportunity for investors?
With profits under pressure, can SBI still deliver on its ambitious green financing goals and investor expectations?