Analysts see more headroom for SBI stock
May 24, 2021
Post Q4, brokerages see 30% rise due to its consistent performance
After adding 4 per cent post result announcement on Friday, shares of State Bank of India surged further on Monday. The stock, after hitting a high of ₹418.90, closed the day at ₹410.15, up 2.3 per cent, over the previous day s close.
Analysts have re-rated the public sector banking major with higher target price, following its strong asset-quality and consistent performance.
Brokerages including Nomura, Morgan Stanley and JP Morgan expect the stock to climb at least 30 per cent gains from current levels.
SBI’s standalone net profit surged 80 per cent (y-o-y) in the fourth quarter of FY22 on the back of a dip in loan loss provisioning and healthy growth in the net interest income at ₹6,451 crore, as against ₹3,581 crore reported during year-ago period. The SBI board has also declared a dividend of ₹4 a share for FY21.
Drip Irrigation Market to Witness a Healthy Growth during 2018-2026 briefingwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from briefingwire.com Daily Mail and Mail on Sunday newspapers.
Fourteen months ago, Stafford supervisors envisioned a vibrant and futuristic downtown area near the county courthouse where families and friends could meet, eat, shop and socialize. They called the potential development Downtown Stafford.
John Holden, the countyâs economic development director, had previously told supervisors the county-owned, 28-acre site, which lies parallel to the southern edge of Courthouse Road near the U.S. 1 interchange, would be built with fewer brick-and-mortar retail outlets. Holden said broadband and smart energy, lighting, water and temperature controls would all be incorporated into energy-efficient housing units and commercial buildings. The technology would be so sophisticated, Holden said, it would electronically monitor the levels of trash in trash containers.
Data Erasure Solution Market to Witness a Healthy Growth during 2018-2026 Report includes market status and forecast of global and major regions, with introduction of vendors, regions, product types and end industries; and this report counts product types and end industries in global and major regions.
BriefingWire.com, 5/19/2021 - Global Data Erasure Solution Market is valued US$1068.4 Mn in 2017 and is estimated to reach US$5245.3 Mn by 2026 at a CAGR of 19.6%Data erasure solution market is segmented by component, by device type, by the end user, and by region. A component is divided into Software, Service & Managed service. Device types are classified into PC, Laptops, Servers, Data center equipment & Mobile. End users are the Home solution, Enterprise, ITADs, & Data Centres. Region wise the market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America