SBI share price continued to increase rapidly from February 1 to February 5. On 1 February, the price of one share was 284 rupees.
State Bank of India, the country’s largest government bank, recently released its quarterly results. Since the presentation of the budget on February 1, the stock of this bank has seen a sharp rise. The State Bank of India stock went to an all-time high of 52 weeks on the last trading day of the week i.e. Friday. Due to which the investors of this bank made big money. Due to which investors made a profit of at least 124 rupees on one share during February 1 to 5.
On February 1, the share price of SBI was Rs 284, which reached a high of Rs 408 on February 5. That is, a profit of 124 rupees directly. In such a situation, the investor who bought 1000 shares of SBI during this period got a profit of 1.24 lakh rupees.
Such increasing prices
SBI’s stock rally started from February 1, which continued to increase till February 5. On 1 February, the price of a share was Rs 284, which went up to Rs 334 on 2 February, then on 3 February this share rose to Rs 336 in spite of fluctuations. This stock set a new record, showing momentum on 4 and 5 February. On February 5, the stock reached its 52-week high ie Rs 408.
42 percent jump in 5 days
If you talk about only 5 trading sessions, then SBI shares registered a jump of 41.78 percent. At the same time, SBI’s stock has recorded a jump of 42 percent in a month. Whereas within one year, the shares of this state-run bank have given a profit of 45 percent to the investors. The bank’s market cap rose to Rs 3,49800.15 crore due to the rise in share prices.
Quarter results got enthusiasm
SBI’s quarterly results were close to estimates. The bank saw a decline of more than 2 percent in its profits, but the asset quality showed improvement. While talking about interest income, the bank got Rs 28,820 crore from here. The bank saw an increase of 3.7 percent in interest income on an annual basis. People are assuming that this stock can see further rise and it can go from Rs 430 to Rs 560.
