State Bank of India spurts 1.72%, up for third straight session

State Bank of India rose for a third straight session today. The stock is quoting at Rs 1079.45, up 1.72% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.03% on the day, quoting at 25262.5. The Sensex is at 81935.47, up 0.07%. State Bank of India has added around 12.8% in last one month.

Meanwhile, Nifty Bank index of which State Bank of India is a constituent, has added around 10.5% in last one month and is currently quoting at 60792.4, up 0.85% on the day. The volume in the stock stood at 148.58 lakh shares today, compared to the daily average of 125.95 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 1079, up 1.87% on the day. State Bank of India is up 13.15% in last one year as compared to a 2.38% fall in NIFTY and a 5.01% fall in the Nifty Bank index.

The PE of the stock is 12.35 based on TTM earnings ending September 26.

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