Brokerages remain bullish on State Bank of India(SBI) after the lender made a swift recovery in earnings reporting a standalone net profit of Rs 20,698 crore in Q4, up 24% YoY. The estimates on the target price for SBI go as high as Rs 1,000. The profit was higher than the Street estimate of Rs … Read more
State Bank of India (SBI), part of the PSU banking space, has rallied more than 20% in the last 3 months but the stock recently bounced back from 1-year consolidation range breakout levels. Short-term traders can look to buy the stock for a possible target of Rs 841 in the next 1-2 months, suggest experts. … Read more
Shares of State Bank of India (SBI) fell nearly 2% to hit the day’s low of Rs 638.50 on the NSE on Monday after state lender’s high wage cost dented its earnings outcome. Yet top brokerages remain upbeat about the prospects of SBI shares on strong loan growth and its comfortable position in terms of … Read more
State Bank of India (SBI), the country’s largest lender, has raised Rs 3,717 crore by issuing a Tier 1 bond at a coupon rate of 8.25%. The proceeds of bonds will be used in augmenting the overall capital base of the bank and will strengthen the bank’s capital adequacy ratio, the bank said. This is … Read more
MUMBAI – The has approved raising another Rs 10,000 crore through infrastructure bonds this quarter to fund credit growth, an official at the nation’s largest lender said on Tuesday. The executive committee of the bank’s central board, at a meeting held earlier in the day, approved the fundraise through a public issue or private placement … Read more
(), part of the S&P BSE Sensex index, has been on buyers’ radar recently amid an uptick in credit growth, improved net interest margins (NIMs) as well as steady asset quality. The stock has rallied more than 40% from March 2022 lows to hit a fresh record high of Rs 622 on 7 November 2022. … Read more
Indian markets snapped a 7-day winning streak on Tuesday and closed in the red tracking muted global cues. The S&P BSE Sensex fell nearly 300 points while the Nifty50 closed below 17,700 levels. Sectorally, buying was seen in capital goods, auto, public sector, oil & gas while some selling was seen in FMCG, telecom, realty, … Read more
Brokerage firm Jefferies maintained a buy rating on , Macquarie retained outperform on , and Citigroup maintained a buy on . We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on : Buy| LTP Rs 574| Target Rs 700| Upside 22%Jefferies maintained a buy rating on SBI … Read more
Most brokerage firms maintained their rating on (SBI) post June quarter results on healthy loan growth and stable asset quality. Reacting to the results, shares of SBI fell over 2 per cent in morning trade. Long-term investors can consider buying the stock now or on dips for a possible target of over Rs 600-650 in … Read more
MUMBAI: (SBI) is rushing to raise funds before the interest rate cycle turns following the Reserve Bank of India’s expected liquidity normalisation measures. India’s largest lender is set to sell Additional Tier 1 bonds worth up to Rs 6,000 crore, which are expected to open for subscription during Navratri festival next week, said three people … Read more