SBI, which gained 7.3 per cent from Rs 232 on August 11 to Rs 248.95 on August 24, fell to Rs 242 on August 31. For the first quarter of the current fiscal, SBI's net profit had plunged by 18 per cent, thanks to an increase in NPA provisioning, additionaloperating expenditure, slow growth in interest income and tight spreads. SBI's operating profit fell by 0.7 per cent to 897.26 crore as against Rs 904.20 crore.

Bank of Baroda gained 9.87 per cent from Rs 77 on August 23 to Rs 84.6 on August 31. BoB registered a marginal growth of 2.98 per cent in its net profit to Rs 130.27 crore from Rs 126.50 crore in the corresponding previous quarter, thanks to a healthy increase in interest income. BoB's interest income rose by 5.7 per cent to Rs 1,236.98 crore.

Bank of India has risen by 15.54 per cent from Rs 19.3 on August 13 to Rs 22.3 on August 24. In the following five trading sessions, the stock fell to Rs 21.25 on August 31. The bank had recorded a 30 per cent plunge in net profit for the first quarter of fiscal 2000 to Rs 61 crore from Rs 87 crore in the corresponding period of the previous year.

HDFC Bank rose by 16.87 per cent from Rs 80 on August 19 to Rs 93.5 on August 24 and in the following five trading sessions, the stock fell to Rs 87. The bankhad recorded a 25.5 per cent jump in net profit to Rs 25.32 crore for the first quarter of the current fiscal from Rs 20.18 crore in the corresponding period of the previous year.

Oriental Bank has been on a steady rise from a low of Rs 35 on August 13 to Rs 39.85 on August 31, a gain of 13.85 per cent. The bank recorded a net profit growth of 12 per cent on the back of a 32 per cent growth in topline. The growth in net profit was despite the fact that provisions for non-performing assets rose by 36 per cent.

Corporation Bank has gained 14 per cent in eight trading sessions from 97.5 on August 12 to Rs 111.2 on August 24. The bank's performance for the first quarter was not impressive with net profit rising by 4.26 per cent to Rs 54.07 crore.

ICICI Banking gained 15.8 per cent from Rs 31.95 on August 13 to Rs 37 on August 18. However, in following nine trading, the stock shed some of its gain and slipped to Rs 34 on August 31.

Another significant gainer is Jammu & Kashmir Bank, which gained 14.93 percent from Rs 29.8 on August 20 to Rs 34.25 on August 26. In the following three trading sessions, the stock fell to Rs 31.9. The bank came out with an impressive 40 per cent growth in net profit for the first quarter of the current fiscal to Rs 28.50 crore against Rs 20.50 crore in the corresponding quarter of the previous year. IndusInd Bank has been a major gainer in the recent stock market rally. From a low of Rs 17.7 on August 6, the stock zoomed by 112.7 per cent to Rs 37.65 on August 31. Volumes, too, saw an unprecedented rise in the past few trading sessions. On August 16, nearly 44.22 lakh shares were traded at this counter and the stock never looked back. The activity at this counter is backed by an impressive performance for the first quarter of the current fiscal. The bank recorded a 62 per cent spurt in net profit to Rs 25 crore from Rs 15.43 crore.

The other major gainer is UTI Bank which gained 18 per cent from Rs 16 on August 3 to Rs 19 on August 24. In the following five trading days, thestock fell marginally to Rs 18.4. UTI Bank's net profit during the first quarter of the current financial year shot up by 152 per cent from 6.82 crore to Rs 17.16 crore. SBBJ has seen a steady rally from a low of Rs 250 on August 5 to Rs 321 on August 31, a gain of 28.4 per cent. SBT shot up by 27.9 per cent from Rs 215 on August 17 to Rs 275 on August 31.