Sbi share are up by 1.19%, Nifty down by -0.16%

Sbi Share Price Today on 18-09-2024: On the last trading day, SBI opened at 783.55 and closed at 792.35. The stock reached a high of 794.5 and a low of 781.3 during the day. Overall, it showed a positive movement, closing higher than its opening price.

Livemint
Published18 Sep 2024, 11:02 AM IST
Advertisement
Sbi Share Price Today Live Updates

Sbi Share Price Today on : At 18 Sep 16:01 today, Sbi shares are trading at price 792.35, 1.19% up from the previous closing price. Sensex is trading at 82948.23, down by -0.16%. The stock has hit a high of 794.5 and a low of 781.3 during the day.

On the technical front, the stock is trading above the 5,300 days SMA & lower than the 10,20,50,100 day SMA. The stock will have support at 5,300 days SMA & face resistance at 10,20,50,100 days SMA

Advertisement

The SMA values for the stock are given below :

DaysSimple Moving Average
5782.99
10794.17
20805.15
50830.79
100825.03
300754.73

The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at 797.8, 802.65, & 810.55, whereas it has key support levels at 785.05, 777.15, & 772.3.

Till 4 PM today, the volume traded on NSE & BSE for Sbi was 57.38% higher than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.

Overall, as per Mint technical analysis, The stock's continued downtrend suggests a bearish trend is underway..

Advertisement

From a fundamental analysis perspective, the company has a ROE of 17.34% .The current P/E of the stock is at 10.29 & P/B is at 1.59.

The median 1-year forecasted upside in this share is at 17.47% with a target price of 930.75.

The company has a 57.54% promoter holding, 10.40% MF holding, & 11.15% FII holding as per filings in the june quarter.

The MF holding has increased from 10.36% in march to 10.40% in the june quarter.

The FII holding has increased from 11.09% in march to 11.15% in the june quarter.

Sbi share price has gained 1.19% today, currently at 792.35, while its peers such as are in the red. Overall, benchmark indices Nifty & Sensex are down -0.16% & -0.16% each respectively.

Advertisement
Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
First Published:18 Sep 2024, 11:02 AM IST
OPEN IN APP
Read Next Story
HomeMarketsPremiumInstant LoanMint Shorts