State Bank of India zooms 1.7% ahead of Q3 results

The bank is scheduled to announce its December quarter earnings today.

State Bank of India zoomed 1.7% to Rs.161.60 on BSE. The bank is scheduled to announce its December quarter earnings today. IIFL forecasts the bank's standalone net profit for Q3 FY16 to soar to Rs. 3,347.2 crore, growing at a rate of 15% yoy; however, it is likely to dip 13.7% qoq.

The scrip opened at Rs. 159.95 and has touched a high and low of Rs. 162.45 and Rs. 159 respectively. So far 5063054(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 123389.34 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 315.8 on 04-Mar-2015 and a 52 week low of Rs. 158.05 on 10-Feb-2016. Last one week high and low of the scrip stood at Rs. 176.8 and Rs. 158.05 respectively.

The promoters holding in the company stood at 60.18 % while Institutions and Non-Institutions held 28.55 % and 9.32 % respectively.

The stock is currently trading above its 200 DMA.