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Muthoot Finance gains on bargain hunting
Dec 21,2016

Meanwhile, the S&P BSE Sensex was up 61.58 points, or 0.23%, to 26,369.56

On the BSE, 44,000 shares were traded on the counter so far as against the average daily volumes of 74,846 shares in the past one quarter. The stock had hit a high of Rs 277.70 and a low of Rs 264 so far during the day.

The stock hit a 52-week high of Rs 405.35 on 8 August 2016. The stock hit a 52-week low of Rs 170 on 18 January 2016. The stock had underperformed the market over the past 30 days till 20 December 2016, falling 7.69% compared with the 2.11% rise in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 26.55% as against Sensexs 7.72% decline.

The large-cap company has an equity capital of Rs 399.05 crore. Face value per share is Rs 10.

Muthoot Finances net profit rose 70.04% to Rs 296.72 crore on 21.61% increase in total income to Rs 1386.24 crore in Q2 September 2016 over Q2 September 2015.

Muthoot Finance is the largest gold financing company in India in terms of loan portfolio.

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RCom spurts after signing tower sale agreement with Brookfield Infra
Dec 21,2016

The announcement was made during trading hours today, 21 December 2016.

Meanwhile, the BSE Sensex was up 22.96 points, or 0.09%, to 26,330.94.

On the BSE, so far 40.11 lakh shares were traded in the counter, compared with average daily volumes of 16.09 lakh shares in the past one quarter. The stock had hit a high of Rs 38.50 and a low of Rs 35.50 so far during the day.

The stock hit a 52-week high of Rs 91.80 on 1 January 2016. The stock hit a record low of Rs 34.35 on 24 November 2016. The stock had underperformed the market over the past 30 days till 20 December 2016, falling 4.37% compared with the 2.11% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 26.67% as against Sensexs 7.72% decline.

The mid-cap company has equity capital of Rs 1,244.49 crore. Face value per share is Rs 5.

Reliance Communications (RCom) announced the signing of binding agreements with Brookfield Infrastructure in relation to the acquisition of RComs nationwide tower assets by affiliates of Brookfield Infrastructure Partners LP and its institutional partners. RCom will receive an upfront cash payment of Rs 11000 crore on completion of the transaction.

RComs telecom towers will be demerged into a separate new company that will be 100% owned and independently managed by Brookfield Infrastructure, thereby creating the second largest independent and operator-neutral towers company in India.

RCom said it will receive Class B non-voting shares in the new tower company, providing 49% future economic upside in the towers business, based on certain conditions. RCom expects significant future value creation from the B Class shares, based on growth in tenancies arising from increasing 4G rollout by all telecom operators and fast accelerating data consumption.

RCom will enjoy certain information and other rights, but will not be involved directly or indirectly in the management and operations of the new company. RCom and Reliance Jio will continue as major long term tenants of the new tower company, along with other existing third party telecom operators.

RCom said it will utilise the upfront cash payment of Rs 11000 crore solely to reduce its debt. The already announced combination of RComs wireless business with Aircel, and the monetization of the tower business, will together reduce RComs overall debt by Rs 31000 crore, or nearly 70% of existing debt. RCom will continue to hold 50% stake in the wireless business combination with Aircel and the 49% future economic upside in the towers business, and will monetise these valuable assets at an appropriate time in the future to further substantially reduce its overall debt.

The transaction is subject to applicable approvals, including inter alia, shareholder and regulatory approvals, lenders consents, etc.

Meanwhile, RCom) announced after market hours yesterday, 20 December 2016, that Fitch Ratings (Fitch), International rating agency, has revised the companys long-term foreign, local currency issuer default ratings and senior secured notes (Notes) ratings from BB- to B+. Fitch has also placed on rating watch negative and assigned a recovery rating of RR4 to the notes.

On a consolidated basis, net profit of Reliance Communications declined 80% to Rs 39 crore on 3.36% decline in net sales to Rs 5090 crore in Q2 September 2016 over Q2 September 2015.

RCom is an integrated telecommunications service provider.

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Volumes jump at Coffee Day Enterprises counter
Dec 21,2016

Coffee Day Enterprises clocked volume of 11.03 lakh shares by 12:48 IST on BSE, a 163.99-times surge over two-week average daily volume of 7,000 shares. The stock rose 3.32% to Rs 202.50.

UFO Moviez India notched up volume of 1.51 lakh shares, a 71.54-fold surge over two-week average daily volume of 2,000 shares. The stock rose 2.65% to Rs 418.45.

Welspun Corp saw volume of 65.57 lakh shares, a 66.11-fold surge over two-week average daily volume of 99,000 shares. The stock rose 6.24% to Rs 80. A large bulk deal of 58.78 lakh shares was executed on the scrip at Rs 80.70 per share in opening trade on BSE.

Gruh Finance clocked volume of 1.83 lakh shares, a 14.53-fold surge over two-week average daily volume of 13,000 shares. The stock shed 0.71% to Rs 314.45.

Cairn India saw volume of 10.33 lakh shares, a 9.02-fold rise over two-week average daily volume of 1.14 lakh shares. The stock rose 1.02% to Rs 253.70.

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Reliance Communications leads gainers on BSEs A group
Dec 21,2016

Reliance Communications jumped 7.85% at Rs 37.80. The stock topped the gainers in A group. On the BSE, 37.28 lakh shares were traded on the counter so far as against the average daily volumes of 7.62 lakh shares in the past two weeks.

Welspun Corp rose 6.24% at Rs 80. The stock was the second biggest gainer in A group. On the BSE, 65.54 lakh shares were traded on the counter so far as against the average daily volumes of 99,000 shares in the past two weeks.

Repco Home Finance firmed up 3.76% at Rs 530.90. The stock was the third biggest gainer in A group. On the BSE, 20,000 shares were traded on the counter so far as against the average daily volumes of 65,000 shares in the past two weeks.

Cholamandalam Investment and Finance Company rose 3.19% at Rs 900. The stock was the fourth biggest gainer in A group. On the BSE, 39,000 shares were traded on the counter so far as against the average daily volumes of 21,000 shares in the past two weeks.

Jubilant Life Sciences rose 2.99% at Rs 614.10. The stock was the fifth biggest gainer in A group. On the BSE, 52,000 shares were traded on the counter so far as against the average daily volumes of 80,000 shares in the past two weeks.

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Sasken hits 52-week high ahead of board meet to consider share buyback price
Dec 21,2016

The announcement was made after market hours yesterday, 20 December 2016.

Meanwhile, the S&P BSE Sensex was up 40.01 points or 0.15% at 26,347.99

On the BSE, 38,000 shares were traded on the counter so far as against the average daily volumes of 1.43 lakh shares in the past one quarter. The stock hit a high of Rs 448.40 in intraday trade so far, which is 52-week high for the counter. The stock hit a low of Rs 420 so far during the day. The stock hit a 52-week low of Rs 233.10 on 29 February 2016.

The stock had outperformed the market over the past 30 days till 20 December 2016, rising 6.17% compared with the 2.11% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 17.02% as against Sensexs 7.72% decline.

The small-cap company has equity capital of Rs 17.72 crore. Face value per share is Rs 10.

On 27 October 2016, the board of directors of Sasken Communication Technologies had approved the buyback of up to 28.24 lakh equity shares (representing 15.94% of the total paid-up equity share capital of the company) at a maximum price of Rs 425 per share payable in cash for a total consideration not exceeding Rs 120.04 crore. The company will buyback shares on a proportionate basis through the tender offer route using stock exchange mechanism, Sasken Communication Technologies said.

Sasken Communication Technologies consolidated net profit fell 9.19% to Rs 9.58 crore on 7.36% rise in net sales to Rs 118.40 crore in Q2 September 2016 over Q2 September 2015.

Sasken Communication Technologies is a leader in providing engineering R&D and productized IT services to global tier I customers in the communications & devices, retail, insurance and independent software space.

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Vascon Engineers gains after selling stake in Viorica Hotels
Dec 21,2016

Meanwhile, the BSE Sensex was up 26.99 points, or 0.10%, to 26,334.97.

On the BSE, so far 52,000 shares were traded in the counter, compared with average daily volumes of 2.50 lakh shares in the past one quarter. The stock had hit a high of Rs 30 and a low of Rs 28.45 so far during the day.

The stock hit a 52-week high of Rs 41.85 on 26 October 2016. The stock hit a 52-week low of Rs 20.80 on 29 February 2016. The stock had underperformed the market over the past 30 days till 20 December 2016, rising 1.43% compared with the 2.11% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 16.47% as against Sensexs 7.72% decline.

The small-cap company has equity capital of Rs 161.34 crore. Face value per share is Rs 10.

Vascon Engineers reported net profit of Rs 0.87 crore in Q2 September 2016 compared with net loss of Rs 8.28 crore in Q2 September 2015. Net sales fell 26.3% to Rs 51.98 crore in Q2 September 2016 over Q2 September 2015.

Vascon Engineers is an engineering, procurement and construction (EPC) company. It is active in multiple sectors including residential, industrial, IT parks, malls and multiplexes, hospitality and community.

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Vitan Agro Industries hits roof as board to consider disinvestment of subsidiary
Dec 21,2016

The announcement was made after market hours yesterday, 20 December 2016.

Meanwhile, the BSE Sensex was up 29.59 points, or 0.11%, to 26,337.57.

On the BSE, so far 605 shares were traded in the counter, compared with average daily volumes of 17,065 shares in the past one quarter. The stock opened with an upward gap of 20% at Rs 19.65 and remained stuck at that level so far.

The stock hit a 52-week high of Rs 24.30 on 24 November 2016. The stock hit a 52-week low of Rs 10 on 7 July 2016. The stock had underperformed the market over the past 30 days till 20 December 2016, falling 7.08% compared with the 2.11% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 13.68% as against Sensexs 7.72% decline.

The small-cap company has equity capital of Rs 8.35 crore. Face value per share is Re 1.

Vitan Agro Industries said that a meeting of board of directors of the company will be held on 28 December 2016 to consider, approve and take on record, inter-alia, the disinvestment of 100% paid up-share capital of Amirdham Food, a wholly-owned subsidiary of the company, among other items.

Net profit of Vitan Agro Industries declined 15.4% to Rs 0.11 on 59.2% decline in net sales to Rs 0.69 crore in Q2 September 2016 over Q2 September 2015.

Vitan Agro Industries makes agro based products. It is engaged in the business of trading of pulses, grains, spices, edible oil, agarbattis and agro-based fast moving consumer goods.

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Godrej Consumer turns volatile after completing acquisition in Kenya
Dec 21,2016

The announcement was made after market hours yesterday, 20 December 2016.

Meanwhile, the S&P BSE Sensex was up 32.69 points or 0.12 % at 26,340.67.

On the BSE, 1,569 shares were traded on the counter so far as against the average daily volumes of 8,184 shares in the past one quarter. The stock was volatile. The stock rose as much as 3.23% at the days high of Rs 1,494.90 so far during the day. The stock lost as much as 0.36% at the days low of Rs 1,442.75 so far during the day.

The stock had a hit record high of Rs 1,710 on 16 September 2016 and a 52-week low of Rs 1,120 on 27 January 2016. The stock had outperformed the market over the past one month till 20 December 2016, advancing 1.88% compared with the Sensexs 0.6% rise. The scrip had, however, underperformed the market over the past one quarter declining 11.47% as against the Sensexs 7.77% fall.

The large-cap company has equity capital of Rs 34.06 crore. Face value per share is Rs 1.

Charm Industries is a manufacturing company incorporated in Kenya. This acquisition helps Charm Industries to scale up wet hair care business in East Africa using the strength of nature brands. The acquisition comes into force with immediate effect. The consideration for the acquisition was payable in cash.

Godrej Consumer Products consolidated net profit rose 43.7% to Rs 318.12 crore on 11.4% rise in net sales to Rs 2357.52 crore in Q2 September 2016 over Q2 September 2015.

Godrej Consumer Products is one of the leading fast moving consumer goods (FMCG) companies in India.

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Welspun Corp advances after large bulk deal
Dec 21,2016

Meanwhile, the S&P BSE Sensex was up 63.91 points, or 0.24%, to 26,371.89

Bulk deal boosted volume on the scrip. On the BSE, 64.32 lakh shares were traded on the counter so far as against the average daily volumes of 1.62 lakh shares in the past one quarter. The stock had hit a high of Rs 83.40 and a low of Rs 77 so far during the day.

The stock hit a 52-week high of Rs 118 on 28 December 2015. The stock hit a 52-week low of Rs 56 on 9 November 2016. The stock had outperformed the market over the past 30 days till 20 December 2016, rising 7.96% compared with the 2.11% rise in the Sensex. The scrip had also outperformed the market in past one quarter, falling 1.89% as against Sensexs 7.72% decline.

The small-cap company has an equity capital of Rs 132.61 crore. Face value per share is Rs 5.

On a consolidated basis, Welspun Corp reported net loss of Rs 33.64 crore in Q2 September 2016, as compared with net profit of Rs 88.15 crore in Q2 September 2015. Net sales declined 44.61% to Rs 1153.06 crore in Q2 September 2016 over Q2 September 2015.

Welspun Corp is a one-stop service provider offering complete pipe solutions.

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Jubilant Life Sciences gains on bargain hunting
Dec 21,2016

Meanwhile, the BSE Sensex was up 55.88 points, or 0.21%, to 26,363.86.

On the BSE, so far 42,000 shares were traded in the counter, compared with average daily volumes of 1.51 lakh shares in the past one quarter. The stock had hit a high of Rs 618.50 and a low of Rs 605.95 so far during the day.

The stock hit a record high of Rs 726.40 on 1 December 2016. The stock hit a 52-week low of Rs 272.50 on 20 January 2016. The stock had underperformed the market over the past 30 days till 20 December 2016, falling 1.81% compared with the 2.11% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, falling 4.83% as against Sensexs 7.72% decline.

The mid-cap company has equity capital of Rs 15.93 crore. Face value per share is Re 1.

Shares of Jubilant Life Sciences fell 7.28% in three trading sessions to settle at Rs 596.30 yesterday, 20 December 2016, from its close of Rs 643.15 on 15 December 2016.

The stock fell 3.92% to Rs 596.30 yesterday, 20 December 2016, after the company announced a price increase of up to 15% for its Beta Picoline, 3-Cyanopyridine and vitamin B3 (Niacin & Niacinamide) with immediate effect, for non-contract customers and wherever existing contracts permit. The announcement was made during trading hours yesterday, 20 December 2016.

On a consolidated basis, net profit of Jubilant Life Sciences rose 14.52% to Rs 144.77 crore on 5.16% decline in net sales to Rs 1359.70 crore in Q2 September 2016 over Q2 September 2015.

Jubilant Life Sciences is an integrated global pharmaceutical and life sciences company engaged in pharmaceuticals, life science ingredients and drug discovery solutions.

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Oriental Carbon inches up after commencing production at unit
Dec 21,2016

The announcement was made after market hours yesterday, 20 December 2016.

Meanwhile, the S&P BSE Sensex was up 44.86 points or 0.17% at 26,352.84.

On the BSE, 768 shares were traded on the counter so far as against the average daily volumes of 2,216 shares in the past one quarter. The stock was volatile. The stock rose as much as 1.43% at the days high of Rs 800 so far during the day. The stock lost as much as 0.46% at the days low of Rs 785.05 so far during the day.

The stock had a hit record high of Rs 860 on 10 November 2016 and a 52-week low of Rs 385 on 26 Febraury 2016. The stock had outperformed the market over the past one month till 20 December 2016, advancing 4.78% compared with the Sensexs 0.6% rise. The scrip had also outperformed the market over the past one quarter rising 14.58% as against the Sensexs 7.77% fall.

The small-cap company has equity capital of Rs 10.30 crore. Face value per share is Rs 10.

Oriental Carbon & Chemicals announced that it has commissioned/started the commercial production, ahead of schedule, on 20 December 2016, of the first phase of 5,500 metric tonnes per annum capacity of its project for expansion of insoluble sulphur production capacity at special economic zone (SEZ) at Mundra, Gujarat.

Oriental Carbon & Chemicals net profit rose 13.5% to Rs 14.69 crore on 1.3% decline in net sales to Rs 68.81 crore in Q2 September 2016 over Q2 September 2015.

Oriental Carbon & Chemicals is one of the market leaders in the production of insoluble sulphur for the tyre and rubber industry around the world.

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RCom firms on reports of likely tower deal with Brookfield Group
Dec 21,2016

Meanwhile, the BSE Sensex was up 37.84 points, or 0.14%, to 26,345.82.

On the BSE, so far 4.60 lakh shares were traded in the counter, compared with average daily volumes of 16.09 lakh shares in the past one quarter. The stock had hit a high of Rs 36.45 and a low of Rs 35.50 so far during the day.

The stock hit a 52-week high of Rs 91.80 on 1 January 2016. The stock hit a record low of Rs 34.35 on 24 November 2016. The stock had underperformed the market over the past 30 days till 20 December 2016, falling 4.37% compared with the 2.11% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 26.67% as against Sensexs 7.72% decline.

The mid-cap company has equity capital of Rs 1,244.49 crore. Face value per share is Rs 5.

According to reports, The Brookfield Group is set to sign a definitive agreement with Reliance Communications (RCom) this week to buy a majority stake in the Anil Ambani-controlled telecoms companys tower unit for about Rs 11000 crore.

On 11 October 2016, RCom had announced signing of a non-binding term sheet with Brookfield Infrastructure Group (Brookfield) in relation to the proposed acquisition of RComs nationwide tower assets and related infrastructure by Brookfield. Under the Term Sheet, the specified assets are intended to be transferred from Reliance Infratel (RITL) on a going concern basis into a separate special purpose vehicle (SPV), to be owned by Brookfield. RCom will continue as an anchor tenant on the tower assets, under a long term MSA, for its integrated telecommunications business. RCom will receive an upfront cash payment of Rs 11000 crore from the proposed transaction. RCom will also enjoy 49% future economic upside from the towers business, based on certain conditions. RCom had stated that it intended to utilize the proceeds of the proposed transaction solely to reduce its debt.

On a consolidated basis, net profit of Reliance Communications declined 80% to Rs 39 crore on 3.36% decline in net sales to Rs 5090 crore in Q2 September 2016 over Q2 September 2015.

RCom is an integrated telecommunications service provider.

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Datamatics Global Services hits 52-week high as Insync Capital Partners LLP buys shares
Dec 21,2016

Meanwhile, the S&P BSE Sensex was up 51.50 points, or 0.2%, to 26,359.48

On the BSE, 8.48 lakh shares were traded on the counter so far as against the average daily volumes of 1.43 lakh shares in the past one quarter. The stock had hit a high of Rs 124.70 and a low of Rs 119.20 so far during the day.

The stock hit a high of Rs 124.70 in intraday trade so far, which is 52-week high for the counter. The stock hit a low of Rs 119.20 so far during the day. The stock hit a 52-week low of Rs 41.15 on 29 February 2016.

The stock had outperformed the market over the past 30 days till 20 December 2016, rising 51.74% compared with the 2.11% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 48.95% as against Sensexs 7.72% decline.

The small-cap company has an equity capital of Rs 29.47 crore. Face value per share is Rs 5.

Insync Capital Partners LLP bought 2.95 lakh shares of Datamatics Global Services at an average price of Rs 102.08 per share in a bulk deal on BSE yesterday, 20 December 2016. Insync Capital Partners LLP sold 153 shares of the company at an average price of Rs 113.10 per share in a bulk deal on BSE yesterday, 20 December 2016. Amrita Vidur Bhogilal was seller to the tune of 5 lakh shares at an average price of Rs 102.08 per share in the bulk deal on BSE yesterday, 20 December 2016.

Insync Capital Partners LLP is a Limited Liability Partnership firm incorporated in 2009. Designated Partners of the company are Utpal Hemendra Sheth, Amitabh Sonthalia, Rakesh Radheyshyam Jhunjhunwala and Rekha Jhunjhunwala.

On a consolidated basis, Datamatics Global Services net profit rose 367.26% to Rs 21.12 crore on 7.31% increase in net sales to Rs 212.88 crore in Q2 September 2016 over Q2 September 2015.

Datamatics Global Services is a global provider of consulting, information technology (IT) and business process outsourcing (BPO) services.

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Jyoti Structures spurts after overseas order win
Dec 21,2016

The announcement was made after market hours yesterday, 20 December 2016.

Meanwhile, the BSE Sensex was up 3.21 points, or 0.01%, to 26,311.19

On the BSE, 1.62 lakh shares were traded on the counter so far as against the average daily volumes of 1.26 lakh shares in the past one quarter. The stock had hit a high of Rs 11.93 and a low of Rs 11 so far during the day.

The stock hit a 52-week high of Rs 19.40 on 6 January 2016. The stock hit a 52-week low of Rs 8.30 on 6 June 2016. The stock had outperformed the market over the past 30 days till 20 December 2016, rising 3.61% compared with the 2.11% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, sliding 21.58% as against Sensexs 7.72% decline.

The small-cap company has an equity capital of Rs 21.91 crore. Face value per share is Rs 2.

Jyoti Structures said that the company has received an order from ESKOM, the South African utility, for supply of towers and construction of 765 and 400 kV Masa Ngwedi Transmission line Sec C. The order valued at approximately $15 million is to be executed in 18 months, Jyoti Structures said. The project is funded by World Bank. Jyoti Structures is currently executing three contracts for ESKOM in South Africa, the company said. Total value of these contracts is approximately $80 million. In the past, the company has satisfactorily completed three major projects for the same client, it added.

Jyoti Structures reported net loss of Rs 271.95 crore in Q2 September 2016, higher than net loss of Rs 157.15 crore in Q2 September 2015. Net sales declined 35.02% to Rs 276.38 crore in Q2 September 2016 over Q2 September 2015.

Jyoti Structures is in turnkey/EPC projects in the field of power transmission. The companys main business focus areas are transmission lines, substations and distribution projects. The company undertakes turnkey projects on a global scale, offering a complete range of services in design, testing, manufacturing, sourcing, supply and construction with its in-house expertise.

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SBI gains after shareholders approve fund raising plan
Dec 21,2016

The announcement was made after market hours yesterday, 20 December 2016.

Meanwhile, the BSE Sensex was up 5.21 points, or 0.02%, to 26,313.19.

On the BSE, so far 1.57 lakh shares were traded in the counter, compared with average daily volumes of 23.22 lakh shares in the past one quarter. The stock had hit a high of Rs 256.55 and a low of Rs 254.15 so far during the day.

The stock hit a 52-week high of Rs 288.50 on 11 November 2016. The stock hit a 52-week low of Rs 148.30 on 12 February 2016. The stock had underperformed the market over the past 30 days till 20 December 2016, falling 1.24% compared with the 2.11% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 1.27% as against Sensexs 7.72% decline.

The large-cap state-run bank has equity capital of Rs 776.28 crore. Face value per share is Re 1.

State Bank of India (SBI) said its shareholders also gave an in-principle nod to additional fund raising by way of a public issue, should the bank need to tap the markets.

According to a notification issued to stock exchanges, shareholders approved a preferential issue of shares for upto Rs 5681 crore to the Government of India. This is part of the governments capital infusion plan into the lender.

Separately, shareholders also approved fund raising upto a limit of Rs 15000 crore via a public issue. This fund raising could be in the form of a follow-on public offer (FPO) or private placement through a qualified institutional placement (QIP) or through other means such as American Depository Receipts (ADRs) or Global Depository Receipts (GDRs). Any such public fund raising would be subject to the condition that the governments shareholding in SBI does not fall below 52%.

State Bank of Indias net profit fell 34.6% to Rs 2538.32 crore on 8.3% growth in operating income to Rs 50742.99 crore in Q2 September 2016 over Q2 September 2015.

State Bank of India is Indias biggest bank in terms of branch network. The Government of India currently holds 60.18% stake in SBI (as per the shareholding pattern as on 30 September 2016).

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