Bank to enter private equity, venture capital. The State Bank of India (SBI), India’s biggest lender, plans to raise Rs 15,000 crore within the current financial year to bolster capital and meet the growing credit demand. : Courtesy Business Standard
State Bank of India (SBI) has informed BSE that the meeting of the Central Board of the Bank held on May 12, 2007, inter alia, has declared a dividend of Rs 14 per share for the year ended March 31, 2007. : Courtesy Bombay Stock Exchange.
Strategy on SBI : Take position on SBI as long as it trades above 1150 with stop loss 1108 and profit target (1) 1250 and target (2) 1300. Further position may be added if it continues to trade above 1200 more than two days.
Strategy on SAIL : If metal sector shows strength then swing tarde on SBI if it stays above 135 with profit target 144 and stop loss 132. Position may be increased on closing basis if trade crosses 144.4.
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