Let us know the reason for this huge increase in the share price of the State Bank of India.
SBI Share Price Today:
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.
SBI Hikes FD Interest Rates by up to 80 bps. Let us know the Latest State Bank of India Bank FD Rates.
SBI FD Rates 2023