SBI shares end nearly 5% lower; m-cap drops by Rs 10,709 cr on Q1 loss
SBI shares ended nearly 5 per cent lower today, wiping out Rs 10,708.93 crore from the market valuation after the lender reported a hefty loss of Rs 4,876 crore for the June quarter. The stock dropped 3.79 per cent to settle at Rs 304.45 on BSE. Intra-day, it plunged 4.85 per cent to Rs 301.10.
SBI shares ended nearly 5 per cent lower today, wiping out Rs 10,708.93 crore from the market valuation. Image source: Reuters