Stock Market

SBI shares tepid ahead of Q3 earnings

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NEW DELHI: Shares of State Bank of India (SBI) were trading with tepid gains in morning trade on Friday ahead of its third-quarter earnings.

Around 9:50 am, the shares of the company were trading at Rs 294.70 apiece on BSE, with a gain of 0.46 per cent. The market is expecting the biggest lender of the country to report a profit in the third quarter against a loss of Rs 2,164.40 crore in the corresponding quarter last year.

Kotak Institutional Equities expects State Bank of India's loan growth at around 14 per cent.

Sharekhan sees a profit of Rs 1,727.20 crore for the State Bank of India on 21.90 per cent and 25.90 per cent year-on-year increase in net interest income and pre-provisioning profit, respectively.

Emkay Global Financial Services expects the bank's growth to remain healthy due to strong working capital demand and disintermediation from money markets.




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