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SBI shares fall sharply after results

May 17, 2011

Shares in India’s largest lender SBI fell 7.7 percent to  2413.6 rupees and ended as the top loser in BSE Banking index and Sensex.

Shares fell after the bank posted an unexpected plunge in net profit for Q4, slammed by higher provisions, operating costs and taxes.

Losses in SBI also dragged the market lower as the benchmark index fell moe than 200 points.

Do you think it is the right time to invest in this stock or will it fall further?

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