Calcutta, May 18: An ecstatic Pratip Chaudhuri today said the bank's share should be quoted at Rs 2,500 after the "blockbuster result".
"Our earnings per share now stands at Rs 184.31 and the book value per share is Rs 1,215. At 15 times multiple, SBI shares should be quoted at Rs 2,500," he said.
Though the stock didn't touch the Rs 2,500-mark, it ended with a gain of 5.82 per cent at Rs 1,955.90 on the NSE and with a 5.08 per cent jump at Rs 1,942 on the BSE.
The overall market sentiment also turned positive after the SBI results started pouring in.
The 50-share Nifty, which had touched the day's low of 4,790.2, soared to a high of 4908.50 and closed at 4891.45. The BSE benchmark Sensex, which seemed headed for another turmoil amidst rupee woes and worsening Eurozone crisis, closed 82 points up at 16152.75.