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Key Points

State Bank of India struck gold with its early investment in NSDL, turning Rs 1.2 crore into Rs 7,800 crore in just three days. Other banks like IDBI and HDFC also saw their stakes multiply over 100 times. NSDL shares jumped 62.5% since its market debut at Rs 880 per share. This historic rally has created multiple 650-bagger winners among early investors.

Key Points: SBI's Rs 1.2 crore NSDL stake now worth Rs 7,800 crore in 3 days

  • SBI's Rs 1.2 crore NSDL investment now worth Rs 7,800 crore
  • IDBI Bank gains Rs 3,892 crore from similar early bet
  • NSDL shares surged 62.5% post-IPO debut
  • HDFC Bank and Union Bank also saw massive multi-bagger returns
2 min read

SBI's Rs 1.2 crore bet on NSDL now worth Rs 7,800 crore in just 3 days

SBI's early Rs 1.2 crore investment in NSDL skyrockets to Rs 7,800 crore, delivering 6.5 lakh percent returns in just 3 trading sessions.

"SBI's Rs 1.2 crore stake now valued at Rs 7,801.80 crore – a 6,50,050% return – Market Report"

Mumbai, Aug 10

State Bank of India has hit a historic jackpot with its early investment in National Securities Depository Limited (NSDL) as what began as a modest Rs 1.20 crore stake has ballooned into Rs 7,801.80 crore in just three trading sessions -- delivering an unbelievable return of over 6,50,000 per cent.

The company made its stock market debut on August 8 at Rs 880 per share, a 10 per cent premium to its IPO price of Rs 800.

Since then, its shares have surged to Rs 1,300.30 -- marking a 62.5 per cent jump over the issue price in just 72 hours.

State Bank of India (SBI) emerged as the biggest gainer. The bank had bought 6 million shares -- a 3 per cent stake -- at just Rs 2 each, spending only Rs 1.20 crore.

Today, that stake is valued at Rs 7,801.80 crore, giving SBI an unreal paper profit of Rs 7,800.60 crore and a return of 6,50,050 per cent.

IDBI Bank matched SBI’s performance with its 29.98 million shares (14.99 per cent stake) bought at Rs 2 each for Rs 5.996 crore.

This holding is now worth Rs 3,898.80 crore, bringing a profit of Rs 3,892.80 crore.

The Specified Undertaking of the Unit Trust of India (SUUTI) also joined the 650-bagger club. It purchased 10.245 million shares (5.12 per cent stake) for just Rs 2.049 crore.

That investment is now valued at Rs 1,332.68 crore, yielding a Rs 1,330.63 crore profit. Even those who paid more have made extraordinary gains.

The National Stock Exchange (NSE) bought its remaining 29.999 million shares (15 per cent stake) at Rs 12.28 each, spending Rs 36.84 crore. Those shares are now worth Rs 3,900.90 crore -- a 105-fold increase.

HDFC Bank bought 13.8995 million shares (6.95 per cent stake) at Rs 108.29, turning its Rs 150.54 crore investment into Rs 1,657.54 crore, an 11-bagger with Rs 1,507 crore in profit.

Union Bank of India’s 5.125 million shares (2.56 per cent stake) bought at Rs 5.20 have grown from Rs 2.665 crore to Rs 666.90 crore, a 249-bagger with Rs 664.23 crore in gains.

- IANS

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Reader Comments

P
Priya S
Amazing returns but I wonder - why don't retail investors get such opportunities? Always the big players benefit while common people struggle with FD rates.
R
Rohit P
️This is insane! 6.5 lakh percent returns in 3 days? Even Bitcoin can't match this. SBI should use this profit to reduce NPA burden now.
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Sarah B
As an expat investor in India, I'm impressed but concerned about such volatility. This seems more like gambling than investing. The stock needs to stabilize.
K
Kavya N
Bhai sahab! Kya returns hai! But seriously, government should make sure this money benefits public banking system and not just goes into reserves.
M
Michael C
While the numbers are impressive, we should question if such astronomical valuations are sustainable or if this is another bubble waiting to burst.
D
Divya L
This is great news for SBI shareholders! Maybe they'll finally increase dividends now. My father has held SBI shares for 20 years, deserves some reward.

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