Let us know the reason for this huge increase in the share price of the State Bank of India.
During the trading session last Friday, there was a big boom in the shares of State Bank of India Limited (SBI).
According to stock market experts, SBI may reduce its stake in Yes Bank after the lock-in period ends on March 6.
After this news, the share price of the State Bank of India rose by almost 6% to Rs 564.30 during the trading day.
According to stock exchange data, State bank of india held a 26.14% stake in Yes Bank as on December 31, 2022.
According to experts, SBI does not want to hold a permanent stake in Yes Bank, so it can reduce its holding.
SBI Stock details: Mkt Cap: 5.01 लाख करोड़ P/E ratio: 10.63 Div yield: 1.27% 52-wk high: ₹629.55 52-wk low: ₹425.00
SBI Share Price: Today's Open: ₹542.00 Today's High: ₹564.30 Today's Low: ₹541.75 Previous Close: ₹533.75 % change: 5.11% (+27.25)
This big gain in the shares of State Bank of India on Friday was the biggest one-day gain in the last 21 months.
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