State Bank of India soars ahead of Q4 results

State Bank of India is up for a third straight session in a row. The stock is quoting at Rs 389.5, up 1.29% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.26% on the day, quoting at 15093.85. The Sensex is at 50214, up 1.31%. State Bank of India has risen around 15.7% in last one month.

The public sector lender is slated to announce its financial results for March quarter on Friday.

Meanwhile, Nifty Bank index of which State Bank of India is a constituent, has risen around 7.12% in last one month and is currently quoting at 33334.55, up 2.13% on the day. The volume in the stock stood at 416.21 lakh shares today, compared to the daily average of 518.55 lakh shares in last one month.

The benchmark May futures contract for the stock is quoting at Rs 390.3, up 0.98% on the day. State Bank of India is up 158.2% in last one year as compared to a 66.98% spurt in NIFTY and a 97.03% spurt in the Nifty Bank index.

The PE of the stock is 23.81 based on TTM earnings ending December 20.

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