SBI gains on fund raising plan

State Bank of India (SBI) gained on Monday after bank raised USD 1.25 billion from an overseas dollar-denominated bond sale, making it the single largest issue from the domestic banking in recent years. The senior unsecured bonds due 2017 (the "Offering"), are rated Baa2 by Moody"s and BBB- by S&P. This offering marks the first public sector bank US dollar bond issuance out of India since May 2011 and the largest single-tranche offering by a public sector bank from India. Shares ofthe companyare trading at Rs 1,971, up Rs 29.8, or 1.54% at the Bombay Stock Exchange (BSE) on Monday at 9:57 a.m.The scrip has touched an intra-day high of Rs 1,979 and low of Rs 1,941.25. The total volume of shares traded at the BSE is 131,204.In the earlier session, the shares declined 3.77%, or Rs 75.95, at Rs 1,941.20. Currently, the stock is trading down 20.36% from its 52-week high of Rs 2,474.80 and above 25.06% over the 52-week low of Rs 1,576.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 2,134.55 (193.35) (9.06) 1 Month 2,095.45 (154.25) (7.36) 3 Months 2,131.05 (189.85) (8.91) 6 Months 1,990.70 (49.50) (2.49) 1 Year 2,342.00 (400.80) (17.11) Note: Based on previous day closing price.