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SBI’s net interest income (NII) and net profit reported y-o-y growths of 19% and 80% respectively during the fourth quarter of 2020-21. Improvements in provision coverage ratio and capital adequacy ratio are the other positive factors that have made the bank a favourite of analysts. ....
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. ....
Read more about Morgan Stanley believes SBI is well-placed to capitalise cyclical lift on Business Standard. Morgan Stanley has raised its one-year target price to Rs 600 apiece. In their bull-case, the target price is pegged at Rs 830, implying a 100 per cent upside from Wednesday s close ....
SBI share rises 25% in 2 days; check new target price post Q3 earnings In the last five sessions, SBI stock has risen 41.78%. SBI stock is trading higher than 5, 20, 50, 100 and 200-day moving averages. The stock has risen 42% in one month and 45% year-to-date BusinessToday.In | February 5, 2021 | Updated 12:51 IST JM Financial has a Buy rating on SBI stock with a target price of Rs 350. State Bank of India (SBI) shares hit a fresh 52-week high of Rs 408.35 apiece on BSE, clocking a 25% jump in two days after the company announced its December quarter earnings. After closing at a 10% upper circuit of Rs 355.10 yesterday, the stock of SBI opened with a gain of 8.7% today at Rs 386, its day s low and touched a new 52-week high of Rs 408.35 in the early session, rising 15%. ....
State Bank of India (SBI) shares surpassed the Rs 300-mark on the BSE, surging 5.2 per cent in the intra-day session, and hit a high of Rs 308 on Wednesday. In the past two months, the stock of India s largest public sector lender has leapfrogged 25 per cent at the bourses as against a 13.5 per cent rise in the benchmark S&P BSE Sensex. It took the stock nearly 65 trading sessions to jump from Rs 200 to Rs 300. It hit Rs 200-mark on October 14, on a closing basis. The stock was the top performing stock on the Nifty bank index today, and supported the index to claim a fresh record high. In the intra-day session, Nifty Bank index touched fresh life-time high of 32,683.5 on the National Stock Exchange (NSE), soaring 100 per cent from March lows. ....