Trending stocks: SBI Shares climb over 3% ahead of Q4 Results

Trade Nivesh: Shares of State Bank of India traded 3.25 per cent up in Friday's trade at 09:44AM (IST). Around 695271 shares changed hands on the counter. The stock opened at Rs 176.85 and touched an intraday high and low of Rs 179.95 and Rs 176.0, respectively, in the session so far.

The stock quoted a 52-week high of Rs 373.8 and a 52-week low of Rs 150.2.

State Bank of India (SBI) is likely to report multi-fold jump in net profit for March quarter, due to proceeds from SBI Card listing. Net interest income (NII) is seen rising in double digits while slippages are likely at 1.5-1.75 per cent of loans.

All eyes will be on slippages in the SME segment, figures on customers availing moratorium and whether the bank makes additional provisions for Covid-19, over and above the RBI guidelines.

Financials

State Bank of India, incorporated in the year 1955, is a banking company (having a market cap of Rs 155332.86 Crore).

State Bank of India key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 161640.23 Crore to Sales Value (66.55 % of Total Sales), Income From Investment which contributed Rs 74406.16 Crore to Sales Value (30.63 % of Total Sales) and Interest which contributed Rs 5643.19 Crore to Sales Value (2.32 % of Total Sales)for the year ending 31-Mar-2019.

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