SBI shares sink another 4.5%, hit 4-month low as post-earnings selloff extends to second day
New Delhi, May 11 -- Remaining in a selling zone for the second straight day, shares of State Bank of India (SBI) dropped another 4.5% in Monday's trade on May 11 to hit a four-month low of Rs.975 apiece, as investors continued to dump the counter following the lender's earnings miss in the March quarter.
The two-day selloff has dragged the stock down by a cumulative 11%, eroding nearly Rs.1,11,683 crore in market capitalisation and pulling the lender's valuation below the Rs.9 lakh crore mark to Rs.8,99,925 lakh crore.
The lender announced its Q4 and fiscal 2025-2026 results on Friday during market hours, which came in below Street estimates. The impact was immediately reflected in the stock, which suffered a sharp decline and ended th...
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