SBI share prices have closed at ₹762.70, which is about 1.20% lower than the opening price of ₹772 for today (March 26). Yesterday’s (March 25) closing price was ₹770.35, which was lower than the opening figures of ₹783.90 for the day. The same trend has been repeated today. The opening price on March 24 was ₹758, while the closing price for the day was ₹780.90, in a day that had significant gains for the stock.
By midday, after slumping to ₹768.42 and hitting ₹775.53, the stock prices stabilized at ₹770. However, it has still come down below the opening levels, belying ethe xpectations of several investors. Yet, the road ahead looks interesting since PSU banking stocks like these often gather positive momentum on the back of major sectoral developments.
SBI share prices have touched ₹770 by midday, which is 0.25% lower than the opening price of ₹772. The share price slumped to ₹768.42 sometime earlier, which was the lowest point seen today, while the peak price point for the SBI stock stood at ₹775.53. The share is witnessing an interesting ride after mostly-positive performances sometime earlier.
It remains to be seen whether it recovers to its peak performance levels by the closing or the temporary lull continues. It is another aspect that the stock also opened lower today by 0.21% than the closing price of ₹770.35 yesterday, so analysts are keeping their fingers crossed on this one.
SBI shares have opened at ₹772 today (March 26), which is 0.21% higher than the closing price of ₹770.35 yesterday (March 25). The stock opened at ₹783.90 on March 25, which was also higher than the closing price of ₹780.90 on March 24. At the same time, the opening price on March 24 stood at ₹758, which exceeded the closing price of ₹753.20 on March 21. It is the fourth straight day for the stock in terms of opening above the closing prices.
SBI looks to have brushed off the temporary price dip yesterday and has opened strong today. Announcements of the bank’s efficiency in terms of earning ₹2,043 crore from ATM withdrawals in a period of 5 years when other PSBs lost ₹3,739 crore may also impact prices going forward.
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