We had predicted that the relative strength of
SBI scrip may be the main anchor for BSE sensex stability
during the first quarter of 1997, when other heavy weight
might be in turmoils.
"Economic Times" dated 29th Nov.1996
reported:
"SBI posts Rs.640.80-cr net profit in first half
(of 1996-97)".
The profits were substantially higher than previous
year's (1995-96) Rs.230.40 cr. only .The SBI scrip
flared up in the evening (in un-official market)
immediately.
