SBI surges on reporting 31% growth in Q2 consolidated net profit

State Bank of India (SBI) is currently trading at Rs. 2769.70, up by 50.55 points or 1.86% from its previous closing of Rs. 2719.15 on the BSE. The scrip opened at Rs. 2730.00 and has touched a high and low of Rs. 2789.50 and Rs. 2721.40 respectively. So far 353015 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2833.85 on 26-May-2014 and a 52 week low of Rs. 1455.95 on 14-Feb-2014. Last one week high and low of the scrip stood at Rs. 2789.50 and Rs. 2695.90 respectively. The current market cap of the company is Rs. 205031.37 crore. The promoters holding in the company stood at 58.60% while Institutions and Non-Institutions held 31.25% and 8.03% respectively. State Bank of India has registered 30.54% jump in its net profit at Rs 3100.41 crore for the quarter under review as compared to Rs 2375.01 crore for the same quarter in the previous year. Total income of the bank has increased 12.46% at Rs 41833.36 crore for Q2FY15 as compared Rs 37199.92 crore for the corresponding quarter previous year. On consolidated basis, the bank’s net profit after taxes and minority interest for the quarter under review registered 30.95% growth at Rs 4023.84 crore against Rs 3072.77 crore in the September quarter of previous fiscal. The bank’s total income has increased by 15.02% at Rs 61098.67 crore for the quarter from Rs 53118.63 crore in the similar quarter of previous year.