Friday, 11 August 2017

SBI Q1FY18: result expectations

State Bank of India (SBI) is going to announce its financial results for the quarter ended June 30, 2017, on Friday. The stock was trading in positive territory higher by 0.42% at Rs 297.85 per share paring its morning losses.
The stock has been outperforming the bank Nifty index which was trading lower by 171 points at 24,045 level. The stock has gained nearly 30% in past one year and 9.5% in past six months on BSE. Meanwhile, Nifty was trading at 9,743 level, down by 76 points while Sensex was trading at 31,318 level, down by 213 points as of 1127 hours on Friday.
Following is the result expectations for SBI Q1 FY18:

SBI Q1 FY18 (Y-o-Y):
PAT may grow to Rs 2,956 crore.
NII seen at 21,016 crore.
Loan growth seen at around 5%

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