SBI PROFIT INCREASES THREE TIMES, BUT SHARES FALL 4% ON FRIDAY .
State bank of india ( SBI ) largest public sector bank in India . SBI is fully under the control of Indian goverment ,but having huge Non performing asset called NPA . This shows a larger effect in the Indian share market on friday dated ( 11/08/17 ) . The quarter results of SBI jumps 3 times higher compared to the last quarter from 1317 crores YOY to 3012 crores YOY . But what makes SBI drags in the Dalal street on friday upto 4% decline . yes, there is a strong reason behind the fall of SBI shars on friday . Along with the quarter results NPA results of SBI had also been released . In that report the NPA of SBI has increased from 9% to 9.70% has made fear in the investors about the stock of SBI . Additionaly, the other expanses also nearly estimated at 1,300 crores swallows the net profit of SBI in its mouth . BUT, anyone don't know how the stock reacts on the following sesssions .
