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SBI stock down 17% from record high: Buy, sell or hold?

Shares of the country's largest lender State Bank of India (SBI) are in focus as brokerages have turned bullish with the stock down over 17 per cent from record high. The SBI stock hit an all-time high of Rs 549.05 on February 7, 2022. The large cap stock was trading at Rs 455 level today. The stock trades higher than 5-day moving averages but lower than 20-day, 50-day, 100-day and 200-day moving averages.

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