State Bank of India Stock Quotes and Charts
As per the latest news its is going to bing its ipo in March<br>2008 and the bank is also merging the smalll capital banks like Syindicate bank etc.It also have put up its step in the Demat account for the SBI trading. So keeping buying SBI at this price and target is 2500-2700<br>
Capital Market - Daily Newsletter (December 10, 2007)<br><br>SBI (2435.80)The stock has resistance at 2436, above it may test 2450 and 2458. Above, it can test 2476 and 2492. Support at 2415 and 2409. (Buy at declines)
State Bank of India (SBI) has informed BSE that the Central Board of<br>the Bank at its meeting held on January 14, 2008, has decided as<br>under:<br><br>1. To increase the Issued Capital of Bank from Rs 526.30 crore to Rs<br>650.00 crore, in terms of Sec. 5 (2) of the SBI Act&&;<br><br>2. To raise an aggregate amount of Rs 16,736.31 crore (including<br>premium) by way of Rights Issue offer to Government of India and to<br>other eligible existing shareholders including GDR holders&&;<br><br>3. To issue shares to employees of the Bank under Employees Stock<br>Purchase Scheme&&;<br><br>4. Ratio for Rights Issue: one share for every five shares held by the<br>eligible shareholders as on the Record Date&&;<br><br>5. Price for Rights Issue: Rs 1590 per share (i.e. face value of Rs 10<br>each and a premium of Rs 1580 per share).<br>
Could any one tell me what is the cut off date for this rights issue?
Right Issue date is approx Feb 5th.<br>The board of State Bank of India (SBI), the countrys largest bank, today approved a 1:5 rights issue at a 35.42 per cent discount to its closing price on the Bombay Stock Exchange (BSE) today. <br> <br>
I have very few SBI shares and i hv rcvd the bank's rights issue forms for giving the rights issue shares at rs.1580/-.In the present scene, what do you think should be done, should the rights issue shares be accepted and applied for more as well or just let is pass? Pls share your views.
THE country's largest bank, State Bank of India (SBI) is pulling all stops to ensure that its rights issue sails through. The bank has already received institutional commitments which are enough to meet the targeted collection, but several retail investors are yet to take a final call on subscribing to the issue. <br> The rights issue, which was originally priced at an attractive 35% discount to the prevailing market price, lost most of its shine after SBI shares fell along with the Sensex. On Monday, it closed at Rs 1633.40 reducing the discount in the issue price to a mere 2.7% below current closing price. Retail shareholders will be taking a close look at SBI shares on Tuesday -- the closing date for subscribing to the rights issue -- before they decide on whether or not to subscribe to the shares. The bank has 1.5 crore retail shareholders (with shares of less than one lakh) constituting to 5.4% of their shareholding. <br> Sources said foreign institutional investors and other institutions such as banks and insurance companies have sought for higher shares in their application form. Also, the bank officials are hopeful that the issue will get a better response on the closing day. The bank is raising Rs 16,736 crore though rights issue of which nearly Rs 10,000 crore will be subscribed by the government. The bank has given shareholders an option to subscribe one share for every five shares held with them. The largest Indian institutional investor -- Life Insurance Corporation has already committed its support. <br> Meanwhile, shares of Dhanalakshmi Bank -- which too have tapped the market with a rights issue -- are being traded below the issue price of Rs 62. Its share closed at Rs 61.10 after touching a low of Rs 58.40 and a high of Rs 62.35. The bank has extended the closing date to April 17
Country’s largest lender, State Bank of India (SBI) has<br>chalked out strategies to grow aggressively in overseas markets,especially in Singapore, in fiscal year 2010, a top SBI official said.<br>
• SBI Sep. Future (Rs. 2139)<br><br>Sell only in the region 2135-2145 with a stop loss<br>above 2170 for an intra-day target of 2100.<br><br>For more details Contact : 9822226867
Weekly Trend Decider 2298. Trading range 2270 to 2340.......and major support for long position 2180.....
SBI Dec. Future (Rs. 2223)<br><br>Buy only on a move above 2237 with a stop loss<br>below 2210 for an intra-day target of 2275.<br>
what is the closing stock in march 2009.please give me details.
please give me the information about state bank of india futures contracts or performance of futures in stock market.
<b>Buy@ Rs 3173.00 For target of Rs 3205 In Intra-day.</b><br><br>Call for day traders Buy SBI @ 3173 sl 3145 tgt 3205
<b>Buy@ Rs 3070.00 For target of Rs 3129 In 1 Month.</b><br><br>Call for traders buy SBI cmp 3091 stoploss 3069.4 target 3129
<b>Buy@ Rs 2632.00 For target of Rs 2654 In Intra-day.</b><br><br>SBI - Buy<br>At - 2634<br>Tgt - 2654.40 , 2680.00, 2715.10<br>Sl - 2618.25<br>Source -Future & Option Blog<br>
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