State Bank of Bikaner & Jaipur gained 3.34% to Rs 3074.95 at 11:47 IST on BSE after the bank raised its benchmark prime lending rate by 50 basis points to 14% with effect from 11 August 2008.
The bank made this announcement before trading hours today, 11 August 2008.
The stock hit a high of Rs 3089 and a low of Rs 3050 so far during the day. The stock had hit a 52-week high of Rs 8450 on 4 January 2008 and a 52-week low of Rs 2747 on 21 July 2008.
The bank has an equity capital of Rs 50 crore. Face value per share is Rs 100.
The current price of Rs 3074.95 discounts its Q1 June 2008 annualised EPS of Rs 522.48, by a PE multiple of 5.89.
State Bank of Bikaner & Jaipur’s net profit fell 7.9% to Rs 65.31 crore on 21.4% increase in net sales to Rs 999.95 crore in Q1 June 2008 over Q1 June 2007.
The bank provides banking and treasury services to individuals and corporate clients. It provides short and long term loans to agricultural, small-scale industries and other priority sectors.
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