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A total of 1,701 shares changed hands on the counter till 01:27PM (IST)

The company has reported EBITDA (earnings before interest, tax, depreciation and amortisation) at Rs 408 crore, which is down almost 63% when compared with Rs 1,097 crore in the last year period. Margins, too, declined during the third quarter to 23.9%.

The stock quoted a 52-week high price of Rs 1405.85 and a 52-week low of Rs 1037.8.

The bank may also require raising capital with its Common Tier I CAR at 11% (vs min of 7%), but management may look at stake sales in subsidiaries to mobilise capital first," it said.Jefferies has SBI among its sector top picks with a "Buy" rating and a target price of Rs 760, representing an upside of 44%. In an upside scenario, the target price is set at Rs 860, with a potential upside of 61%

The rupee started this Monday on a weaker note against the dollar after a better-than-expected US jobs report prompted investors to bet on more Federal Reserve rate increases, said Sriram Iyer, Senior Research Analyst at Reliance Securities.

The Nifty Pharma index was trading 0.23 per cent down at 12156.0.

The brokerage is bullish on the back of expansion of its speciality chemicals portfolio, rising utilisation of the Gujarat Organics facility and strong product pipeline in its advanced pharma intermediate business.

The reported operating profit improved by Rs 424 crore from the year-ago period, and the margin improved to 2% of revenue from -27% a year ago, due to sustained improvement in contribution profit and strong operating leverage. Paytm parent’s consolidated revenue from operations increased by 42% year-on-year (YoY) to 2,062 crore, driven by an increase in merchant subscription revenues, growth in loan distribution and momentum in the commerce business.

“I am totally against this idea that FIIs are selling India to go somewhere else. You can put less money in India and put more in some other market but at a time when China was doing well and the US was doing well, for us to be down was a bit too much.”

Both margin and leverage look very similar to each other but there is a slight difference between the two. Leverage can be expressed in terms of ratio. In the above example, we got margin benefit and were asked to pay only Rs 5,000 for the underlying value of Rs 20,000 so in this case our leverage becomes 4:1.