SBI's highest share price target indicates an upside potential of over 40% after Q2 results; Details here
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓State Bank of India shares could jump nearly 40% after its September quarter results, according to bullish analysts.
- ✓While 42 experts have a buy rating, the stock fell 1.7% on Tuesday to ₹970.25.
- ✓Macquarie said, "SBI's loan growth and asset quality are healthy," while others noted resilient margins.
Story at a Glance
- Category
- MARKET
- Reported By
- CNBC TV18
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
The most bullish analysts covering India's largest lender, State Bank of India, expect the stock to jump nearly 40% from current levels after its September quarter results.
None of the 49 analysts who cover SBI have a "sell" rating on the stock. 42 of them have a "buy" rating and the other seven have a "hold" recommendation. The average consensus estimate of price targets implies an upside potential of 27% for the stock from current levels.
Macquarie Cites Valuation Comfort
Macquarie maintained its "outperform" rating on SBI with a price target of ₹1,220.
The global investment banking firm called SBI's loan growth and asset quality "healthy", and its margins "resilient." It added that the ECL impact is manageable for a bank of SBI's scale.
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