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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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SBI stock falls 4% despite highest quarterly profit, here's why

Shares of State Bank of India (SBI) fell over 4 per cent after the lender reported a 41 percent rise in Q4 net profit. However, the earnings missed street estimates, which expected the bank to report over 60 per cent rise in Q4 profit at 10,493 crore. SBI stock fell 4.42 per cent to Rs 442 against the previous close of Rs 462.45 on BSE. ....

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