SBI plunges 4% as NPA jumps

State Bank of India (SBI), the largest banking and financial services company in India, plunged on Friday after it has announced net NPA went up 61 bps during the quarter to 2.22% as on June 30, 2012 compared with 1.61% as on June 30, 2011. In rupee terms, net NPA grew 63.44% y-o-y to Rs 203.24 billion as on June 30, 2012. The company reported a surge of 2.37 times y-o-y in net profit to Rs 37.52 billion for the quarter ended June 30, 2012 in line with market estimates. During the quarter, total income grew 16.89% to Rs 324.16 billion over same period last year. Shares ofthe companyare trading at Rs 1,892.80, down Rs 79.15, or 4.01% at the Bombay Stock Exchange (BSE) on Friday at 1:50 p.m.The scrip has touched an intra-day high of Rs 1,994.95 and low of Rs 1,877.55. The total volume of shares traded at the BSE is 1,688,181.In the earlier session, the shares declined 4.33%, or Rs 89.15, at Rs 1,971.95. Currently, the stock is trading down 23.52% from its 52-week high of Rs 2,474.80 and above 20.1% over the 52-week low of Rs 1,576.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 2,005.55 (33.60) (1.68) 1 Month 2,216.00 (244.05) (11.01) 3 Months 1,852.20 119.75 6.47 6 Months 2,172.50 (200.55) (9.23) 1 Year 2,250.30 (278.35) (12.37) Note: Based on previous day closing price.