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State Bank of India is up for a fifth straight session in a row. The stock is quoting at Rs 733.6, up 0.21% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.14% on the day, quoting at 22577. The Sensex is at 74336.54, down 0%. State Bank of India has dropped around 0.43% in last one month.
Meanwhile, Nifty Bank index of which State Bank of India is a constituent, has dropped around 2.91% in last one month and is currently quoting at 48627.7, down 0.21% on the day. The volume in the stock stood at 39.84 lakh shares today, compared to the daily average of 105.13 lakh shares in last one month.
The benchmark March futures contract for the stock is quoting at Rs 733.3, down 0.05% on the day. State Bank of India is down 5.18% in last one year as compared to a 1.09% spurt in NIFTY and a 2.53% spurt in the Nifty Bank index.
The PE of the stock is 8.95 based on TTM earnings ending December 24.
State Bank of India gained for a third straight session today. The stock is quoting at Rs 724, up 1.11% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.3% on the day, quoting at 22369.85. The Sensex is at 73869.34, up 1.2%. State Bank of India has slipped around 3.76% in last one month.
Meanwhile, Nifty Bank index of which State Bank of India is a constituent, has slipped around 3.7% in last one month and is currently quoting at 48245.2, up 0.57% on the day. The volume in the stock stood at 53.08 lakh shares today, compared to the daily average of 132.16 lakh shares in last one month.
The benchmark March futures contract for the stock is quoting at Rs 724.95, up 0.97% on the day. State Bank of India is down 7.64% in last one year as compared to a 0.46% slide in NIFTY and a 1.15% slide in the Nifty Bank index.
The PE of the stock is 8.76 based on TTM earnings ending December 24.
The Board of Jio Financial Services at its meeting held on 04 March 2025 has approved acquisition of 7,90,80,000 equity shares of Jio Payments Bank (JPBL) from State Bank of India for an aggregate consideration of Rs. 104.54 crore. Post this acquisition, JPBL will become a wholly owned subsidiary of the Company.
The acquisition is subject to approval of Reserve Bank of India (RBI) and is expected to be completed within 45 days post receipt of RBI approval.
The Company currently holds 82.17% of the paid-up equity share capital of JPBL, a joint venture of the Company and State Bank of India.