State Bank of India Shares Dip in Volatile Tuesday Session, Trade Near 775 INR
Shares of State Bank of India (NSE: SBIN), the country’s largest public sector lender, were trading in negative territory during the mid-morning session on Tuesday, April 4th. As of 10:23 am IST, the banking giant’s stock was priced at 775.45 INR.
This figure represents a decline of -3.75 INR, translating to a 0.48% loss for the day so far. The downward red arrow indicates the negative pressure on the stock.
The trading day began near the previous close, with an opening price of 779.10 INR, just slightly below the prior session’s finish of 779.20 INR. Early trading proved quite volatile, as illustrated by the 1-day chart. The shares initially climbed to a high of 782.90 INR before reversing course and dropping significantly to a low of 773.00 INR. The current price reflects a partial recovery from the session’s low point.
State Bank of India boasts a massive market capitalization of 6.92 Lakh Crore INR. Investors also note the bank’s Price-to-Earnings (P/E) ratio standing at 8.72 and a dividend yield of 1.77%.
From a broader perspective, the current trading price sits within the upper half of its annual performance range. SBI’s 52-week high is recorded at 912.00 INR, while its 52-week low is 680.00 INR.
