CCR World Magazine

INDIA - State Bank of India fell 3.91% to Rs 2011.50 at 9:47 IST after net profit inched up 0.03% to Rs 2479.05 crore on a 4.09% rise in operating income to Rs 17779.69 crore in Q3 December 2009 over Q3 December 2008.

The result was announced after trading hours on Monday, 25 January 2010.

Meanwhile, the BSE Sensex was down 215.72 points, or 1.29%, to 16564.74.

On BSE, 2.06 lakh shares were traded in the counter as against an average daily volume of 6.05 lakh shares in the past one quarter.

The stock hit a high of Rs 2080 and a low of Rs 2006 so far during the day. The stock had hit a 52-week high of Rs 2500 on 16 October 2009 and a 52-week low of Rs 894 on 9 March 2009.

The stock had underperformed the market over the past one month till 25 January 2010, falling 5.62% as compared to the Sensex's 3.34% fall. It underperformed the market in past one quarter, declining 11.07% as against 0.18% decline in the Sensex.

India's largest commercial bank has an equity capital of Rs 634.88 crore. Face value per share is Rs 10.

The current price of Rs 2011.50 discounts the company's Q3 December 2009, annualised EPS of Rs 156.19, by a PE multiple of 12.87.

On a consolidated basis, the net profit fell 8.39% to Rs 3304.59 crore on a 9.74% rise in total income to Rs 32231.45 crore in Q3 December 2009 over Q3 December 2008.

State Bank of India provides banking, treasury and credit management services to individual and corporate clients. The government of India holds 59.41% stake in the bank as on September 2009.