SBI gains after 25 bps BPLR cut

State Bank of India (SBI) gained on Monday after it lowered benchmark prime lending rate (BPLR) by 25 bps from 14.75% to 14.50% p.a. It will be effective from Sept. 27, 2012. Shares ofthe companyare trading at Rs 2,236.95, up Rs 24.35, or 1.10% at the Bombay Stock Exchange (BSE) on Monday at 10:27 a.m.The scrip has touched an intra-day high of Rs 2,251.90 and low of Rs 2,215. The total volume of shares traded at the BSE is 175,603.In the earlier session, the shares gained 4.3%, or Rs 91.2, at Rs 2,212.60. Currently, the stock is trading down 9.61% from its 52-week high of Rs 2,474.80 and above 41.94% over the 52-week low of Rs 1,576.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 1,970.55 242.05 12.28 1 Month 1,912.45 300.15 15.69 3 Months 2,156.75 55.85 2.59 6 Months 2,118.30 94.30 4.45 1 Year 1,955.50 257.10 13.15 Note: Based on previous day closing price.