• Sensex   38506.09   291.62  sensex_up_arr
  • Nifty   11428.30   87.15   sensex_up_arr
  • Bank Nifty   28555.10   1.32   sensex_up_arr
  • BSE Midcap   13940.15   0.72  sensex_up_arr
  • USDINR   71.64   0.49   sensex_up_arr
logo
PRAVIN RATILAL SHARE
AND STOCK BROKERS LTD
Member :    NSE   |   BSE   |   DP : NSDL
Hot Pursuit
Home >> Markets >> Equity >> News >> Hot Pursuit Detailed News
SBI spurts over 10% after corporate tax cut
(17:25, 20 Sep 2019)
As on 31 March 2019, SBI paid a hefty corporate tax of 46.36%.

Meanwhile, the S&P BSE Sensex soared 1,921 points or 5.32% to 38014.62.

On the BSE, 44.18 lakh shares were traded in the counter so far compared with average daily volumes of 9.16 lakh shares in the past two weeks. The stock hit a high of Rs 307.6 and a low of Rs 268.55 so far during the day.

The stock hit a 52-week high of Rs 373.7 on 18 Jul 2019. The stock hit a 52-week low of Rs 247.65 on 26 Oct 2018.

In a press conference held in Goa today, the Finance Minister Nirmala Sitharaman announced slashing of corporate tax rate for domestic companies and new domestic manufacturing companies. The FM added that the ordinance for cutting tax rate has been passed.

The FM said that the new corporate tax rate will be 22% without exemptions. The effective corporate tax rate after surcharge will stand at 25.17%.

The said measures have been announced with expectation to widen the tax basked with lower tax rate. Economic buoyancy will itself generate revenue, the FM said.

In her closing remarks, the FM said that the new corporate are to be among lowest in SouthEast Asia.

SBI reported a net profit of Rs 2312.20 crore in Q1 June 2019 over a net loss of Rs 4875.85 crore in Q1 June 2018. The total income of the bank rose 7.9% to Rs 70653.23 crore in Q1 June 2019 over Q1 June 2018.

The Government of India held 57.13% stake in SBI (as on 30 June 2019).

Powered by Capital Market - Live News

Adani Ports & Special Economic Zone Ltd     413.75   Up   6.30 (1.55%)   Asian Paints Ltd     1,803.10   Up   4.40 (0.24%)   Axis Bank Ltd     690.05   Up   6.55 (0.96%)   Bajaj Auto Ltd     3,011.95   Up   53.90 (1.82%)   Bajaj Finance Ltd     3,879.45   Down   -3.85 (-0.10%)   Bajaj Finserv Ltd     8,035.85   Down   -46.40 (-0.57%)   Bharat Petroleum Corporation Ltd     490.30   Up   4.35 (0.90%)   Bharti Airtel Ltd     383.65   Down   -9.90 (-2.52%)   Bharti Infratel Ltd     256.95   Down   -2.50 (-0.96%)   Britannia Industries Ltd     3,181.10   Up   71.45 (2.30%)   Cipla Ltd     446.55   Up   5.65 (1.28%)   Coal India Ltd     191.15   Up   1.05 (0.55%)   Dr Reddys Laboratories Ltd     2,684.65   Up   32.75 (1.23%)   Eicher Motors Ltd     19,199.10   Up   871.15 (4.75%)   GAIL (India) Ltd     128.10   Up   2.25 (1.79%)   Grasim Industries Ltd     703.70   Up   5.05 (0.72%)   HCL Technologies Ltd     1,084.50   Down   -2.30 (-0.21%)   HDFC Bank Ltd     1,223.05   Up   18.65 (1.55%)   Hero Honda Motors Ltd     2,675.70   Up   66.50 (2.55%)   Hindalco Industries Ltd     192.55   Up   3.85 (2.04%)   Hindustan Unilever Ltd     2,064.40   Up   50.15 (2.49%)   Housing Development Finance Corporation Ltd     2,013.30   Down   -1.45 (-0.07%)   ICICI Bank Ltd     431.85   Up   3.00 (0.70%)   Indian Oil Corporation Ltd     146.45   Up   1.70 (1.17%)   IndusInd Bank Ltd     1,272.25   Up   21.65 (1.73%)   Infosys Technologies Ltd     768.30   Down   -17.80 (-2.26%)   ITC Ltd     247.60   Up   3.50 (1.43%)   JSW Steel Ltd     219.65   Down   -1.80 (-0.81%)   Kotak Mahindra Bank Ltd     1,615.60   Up   30.10 (1.90%)   Larsen & Toubro Ltd     1,432.25   Up   8.30 (0.58%)   Mahindra & Mahindra Ltd     583.40   Up   14.75 (2.59%)   Maruti Suzuki India Ltd     6,985.75   Up   164.65 (2.41%)   Nestle India Ltd     14,086.80   Down   -82.20 (-0.58%)   NIFTY (S&P CNX)     11,428.30   Up   87.15 (0.77%)   NTPC Ltd     119.40   Up   1.65 (1.40%)   Oil & Natural Gas Corpn Ltd     138.65   Up   3.40 (2.51%)   Power Grid Corporation of India Ltd     201.25   Up   2.85 (1.44%)   Reliance Industries Ltd     1,364.15   Up   6.15 (0.45%)   State Bank of India     258.45   Up   3.00 (1.17%)   Sun Pharmaceuticals Industries Ltd     396.80   Up   2.15 (0.54%)   Tata Consultancy Services Ltd     2,037.30   Up   16.30 (0.81%)   Tata Motors Ltd     126.95   Down   -0.90 (-0.70%)   Tata Steel Ltd     349.20   Up   4.35 (1.26%)   Tech Mahindra Ltd     720.50   Down   -0.25 (-0.03%)   Titan Company Ltd     1,272.10   Up   23.15 (1.85%)   UltraTech Cement Ltd     4,206.50   Up   36.20 (0.87%)   UPL Ltd     583.10   Down   -3.55 (-0.61%)   Vedanta Ltd     153.50   Up   5.70 (3.86%)   Wipro Ltd     243.65   Up   0.20 (0.08%)   Yes Bank Ltd     40.60   Up   0.50 (1.25%)   Zee Entertainment Enterprises Ltd     250.70   Up   7.80 (3.21%)      NSE Data  -  www.nseindia.com (5 minutes delayed) syndicated by www.cmots.com

Want Us to Call You?