New Delhi, Feb. 24 -- SBI share price hit its fresh 52-week low of Rs.710.90 in intraday trade on Monday, February 24, amid a widespread market selloff. The banking stock opened at Rs.712.65 against its previous close of Rs.721.55 and dropped 1.5 per cent to the 52-week low of Rs.710.90. However, the stock pared losses as around 1 PM, it traded 0.59 per cent down at Rs.717.30.

SBI share price has been under pressure in the recent past. On a monthly scale, the stock has been falling since December.

Shares of the banking major hit a 52-week high of Rs.912.10 on June 3 last year. This means SBI shares have plunged 22 per cent to hit their 52-week low of Rs.710.90 in about nine months.

Due to its solid fundamentals, SBI stock remains a lon...