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Monday, Jun 16, 2003

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SBI: On result hopes

State Bank of India: After a sharp run up in the recent weeks, the share price of the company has remained subdued in the past few days. The share price of quite a few banking companies have taken a knock and SBI has not been an exception.

Almost all major banking companies have announced their financial performance and SBI is holding its board meeting on June 19 to consider annual accounts. The growth rate recorded by the company and the quality of earnings would have a major impact on the share price. The stock could remain active at the stock market in the current week.

Numbers to guide

Madras Cements: Another company that has seen its share price record a steady run up in the recent weeks. The company is holding its board meeting this week to consider the accounts for the year ended March 2003. This could keep the stock market interested in the stock for a while.

BL Research Bureau

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