The State Bank of India (SBI) Group, India’s largest public sector banking and financial services entity, offers a comprehensive range of services. With over 24,000 branches and 58,000 ATMs, SBI serves millions of customers globally, playing a pivotal role in India’s economic development.
Here are the stocks in which SBI Group bought fresh stakes up to 9.4%;
Indian Energy Exchange Ltd.
Indian Energy Exchange Limited is an India-based corporation that offers an automated trading platform for the physical delivery of power, renewables, and certifications. It provides a variety of trading marketplaces, including power, green, and certifications.
With a market capitalization of Rs 15,740.20 crore, the shares were trading at Rs 175.15 per share, increasing around 0.40 percent as compared to the previous closing price.
SBI group bought 83,426,330 equity shares which is equivalent to 9.4 percent of the company as of June 2024.
The company’s revenue stood at Rs 121 crore in Q4FY24, during the same time frame, net profit stood at Rs 95 crore.
ICICI Prudential Life Insurance Company Ltd.
ICICI Prudential Life Insurance Company Limited provides life, pension, and health insurance products to individuals and groups. The company’s segments include Par Life, Par Pension, Non-Par Life, Non-Par Pension, Non-Par Variable, Annuity Non-Par, and Health.
With a market capitalization of Rs 99,724.82 crore, the shares were trading at Rs 692.30 per share, decreasing around 0.23 percent as compared to the previous closing price.
SBI group bought 28,631,486 equity shares which is equivalent to 2 percent of the company as of June 2024.
The company’s revenue stood at Rs 22,482 crore in Q4FY24, during the same time frame, net profit stood at Rs 174 crore.
IndiaMART InterMESH Ltd
IndiaMART InterMESH Limited is an Indian B2B marketplace that links customers and providers. The channel offers a platform for SMEs, major organizations, and people.
With a market capitalization of Rs 18,113.70 crore, the shares were at Rs 3,020.00 per share, increasing around 0.46 percent as compared to the previous closing price.
SBI group bought 1,635,299 equity shares which is equivalent to 2.73 percent of the company as of June 2024.
The company’s revenue stood at Rs 315 crore in Q4FY24, during the same time frame, net profit stood at Rs 100 crore.
Written by:- Abhishek Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
