State Bank of India in demand

12 Jan 2022 , 01:06 PM

State Bank of India is up for a third straight session in a row. The stock is quoting at Rs 511.65, up 1.13% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 0.75% on the day, quoting at 18190.4. The Sensex is at 61045.99, up 0.71%. State Bank of India has added around 4.89% in last one month.

Meanwhile, Nifty Bank index of which State Bank of India is a constituent, has added around 5.01% in last one month and is currently quoting at 38442.2, up 0.87% on the day. The volume in the stock stood at 92.21 lakh shares today, compared to the daily average of 154.62 lakh shares in last one month.

The benchmark January futures contract for the stock is quoting at Rs 512.7, up 1.2% on the day. State Bank of India is up 66.77% in last one year as compared to a 24.89% gain in NIFTY and a 19.04% gain in the Nifty Bank index.

The PE of the stock is 14.48 based on TTM earnings ending September 21.

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