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Shares of State Bank of India (SBI) are drawing investor attention as the bank prepares for a crucial board meeting scheduled on May 3, 2025, where two significant agendas are on the table—equity fundraising for FY26 and the announcement of Q4 and full-year financial results.
In the trading session on Tuesday, SBI stock ended 0.72% lower at Rs 811.75 on the Bombay Stock Exchange (BSE). The bank's market capitalization stood at Rs 7.24 lakh crore, with nearly 6.99 lakh shares changing hands, resulting in a total turnover of Rs 57.27 crore.
From a technical perspective, the Relative Strength Index (RSI) of the stock is at 61.4, indicating that it is neither overbought nor oversold. The stock has demonstrated high volatility over the past year, with a beta value of 1.4. Notably, SBI shares are trading above their 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day moving averages, suggesting strong momentum.
In its regulatory filing, the bank confirmed:
“The Board of Directors of the Bank is scheduled to meet on Saturday, 3rd May 2025 in Mumbai to consider the financial results of the Bank for the quarter and year ended March 31, 2025. Additionally, the Board may discuss and approve a proposal for raising equity during FY26 through various instruments such as Follow-on Public Offer (FPO), Rights Issue, Qualified Institutional Placement (QIP) or any other method, subject to approval from the Government of India or RBI.”
Investors are closely watching the outcome of the board meeting, which could provide key insights into SBI's growth and capital strategy.
Disclaimer:
The above article is for informational purposes only and should not be considered as investment advice. Jobaaj News encourages readers to consult with a certified financial advisor before making any financial or investment decisions.
