Shares of State Bank of India (OTCMKTS:SBKFF – Get Free Report) were up 8.2% during mid-day trading on Wednesday . The stock traded as high as $113.80 and last traded at $113.80. Approximately 196 shares changed hands during trading, a decline of 61% from the average daily volume of 500 shares. The stock had previously closed at $105.1550.
State Bank of India Trading Up 8.2%
The firm’s fifty day moving average is $122.71 and its 200-day moving average is $111.34.
About State Bank of India
State Bank of India (OTCMKTS: SBKFF) is India’s largest public sector bank and one of the country’s oldest financial institutions. Tracing its roots to the early 19th century as the Bank of Calcutta, it was reorganized as the Imperial Bank of India in 1921 and later nationalized and renamed in 1955 by the Government of India. Headquartered in Mumbai, the bank serves as the flagship entity of the State Bank Group, which includes several regional and associate banks consolidated under its umbrella.
The bank offers a comprehensive suite of financial products and services that span retail banking, corporate banking, and treasury operations.
Recommended Stories
Receive News & Ratings for State Bank of India Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for State Bank of India and related companies with MarketBeat.com's FREE daily email newsletter.
