Brokerage firms and Analysts are showing bullish intent on State Bank of India (SBI) stock after India's largest public sector bank posted strong earnings for the July-September quarter. None of the 49 analysts tracking SBI has issued a ‘Sell’ rating. 42 among them have a "buy" rating, while seven give a "hold" call.
The brokerage believes that SBI share price could rise by approximately 40% from current levels. Latest seen, SBI shares were trading at Rs 976.55, up 7 or 0.72 per cent.
Brokerage Ratings & Target Price Breakdown
CLSA, HSBC, Citi and Bernstein have given a ‘Buy’ rating for the stock with an uptick potential of up to 40 per cent from the current level.
Brokerage Firm | Rating | Target Price / Notes |
|---|---|---|
CLSA | Outperform | ₹1,325 (Broad-based loan growth, excellent deposit growth) |
HSBC | Buy | ₹1,220 (Reduced from ₹1,310; raised FY27-29 EPS estimates by 4–8%) |
Citi | Buy | ₹1,300 |
Bernstein | Market-Perform | ₹1,300 (Supported by lower credit costs and stake sales) |
Key Highlights from SBI’s Strong Q2 Performance
State Bank of India saw a 20 per cent jump in consolidated net profit at Rs 25,361 crore for the second quarter of current financial year.
Metric / Focus Area | Details |
|---|---|
Consolidated Net Profit | Rs 25,361 crore, up 20 per cent YoY |
Standalone Net Profit | 14 per cent rise to Rs 23,038 crore. |
Core Net Interest Income (NII) | Up 14.69 per cent to Rs 49,143 crore; driven by 17.84 per cent growth in gross advances with overall NIM at 2.94 per cent. |
Domestic NIM Guidance | Domestic NIM improved 0.11 per cent QoQ to 3.11 per cent. The target is to keep it above 3 per cent. |
Disclaimer: This story is for informational purposes only. It should not be construed as investment advice. All opinions and recommendations are attributed to the mentioned analyst or brokerage firm only. Please seek an expert opinion before investing.