New Delhi, Feb. 10 -- Shares of State Bank of India (SBI), the country's largest bank, have been witnessing sharp moves in the Indian stock market, breaking record highs with each passing session as demand for the PSU stock remains strong following its better-than-expected performance in the December quarter.

Extending its momentum to the second straight session today, February 10, the PSU stock gained nearly 1% to notch up another record high of Rs.1,154 apiece, pushing its month-to-date returns to 6.20%. The rally builds on a 10% jump in January, marking its fifth consecutive month of positive gains.

Looking further back, the stock began its upward trajectory around the same period last year and has since surged 67.5%, emerging as one...