State Bank of India (SBI), the largest lender of the country is likely to show a 30.5 per cent degrowth in second quarter profit Rs 2,697 crores compared with year-ago period. According to average of estimates of analysts’ poll, net interest income is seen rising 3 per cent to Rs 14,683.8 crores on yearly basis. Key things to watch out for in the second quarter numbers would be slippages from its watchlist and restructured book and recovery from non-performing assets.
Commentary on consolidation of associate banks will also be closely watched. Analysts say if slippages come below Rs 11,000 crores (against Rs 10,797 crores in Q1), gross non-performing assets below 7.5 per cent (6.94 per cent in first quarter of 2016) and net interest margin above 2.8 per cent (2.83 per cent in first quarter of 2016) then that will be considered positive.
Watchlist in June quarter was at Rs 31,000 crores and slippages from that watchlist was at Rs 2,947 crores while the restructured book was at Rs 36,551 crores. Healthy treasury income is likely during the quarter due to fall in bond yields.
SBI share price is currently trading at Rs 282.55, up by 0.44 per cent or 1.22 points. The share price made a 52 week high of Rs 288.80 early today and touched a low of Rs 277.10. The 52 week low of the share is Rs 148.25 made on 12th February 2016. The share price opened at Rs 278.75 from the previous closing Rs 281.30.
In today’s trading session 1,89,98,032 shares of SBI have exchanged hands on the counter of NSE aggregating to a total value of Rs 53,804.33 lacs.
SBI is one of the top 500 shares recommended by the research and analysis team of Dynamic Levels. Get the historical share price performance of the share at SBI share price history.
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