State Bank of India shares jump 5%; m-cap climbs Rs 14,771 cr

The company's market valuation zoomed Rs 14,771.17 crore to Rs 3,57,966.17 crore on the BSE.

New Delhi: Shares of State Bank of India on Friday gained 5 per cent after the company reported an 80 per cent surge in standalone net profit for the fourth quarter ended March 2021.

The stock rallied 4.30 per cent to close at Rs 401.10 on the BSE. During the day, it jumped 5.16 per cent to Rs 404.40.

On the NSE, it gained 5.05 per cent to close at Rs 404.

The company’s market valuation zoomed Rs 14,771.17 crore to Rs 3,57,966.17 crore on the BSE.

In traded volume terms, 94.17 lakh shares were traded at the BSE and over 19.28 crore units at the NSE during the day.

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