State Bank of India (NSE: SBIN) Bank stocks: After the budget, there is a strong market rally. Nifty reached a new intraday high of 22126. Government banks are experiencing particularly strong growth. The NIFTY PSU BANK Index has risen by more than 2.5 percent.
The brokerage choose the largest bank in the country, State Bank of India, for investors who are looking for short-term investment.
This share reached a new intraday high of Rs 648 (SBI Stock Price), with a 1.25 percent increase.
SBI Share Price Target By The Brokerage
Top brokerage advised that SBI shares should be purchased for 3 months. They set a target of ₹700 And ₹728 for this share.
This stock is currently out of range. Any kind of decline may happen in between. The target is set at Rs 728. The stop loss is Rs 607.
State Bank announced its result on the 3rd of February.
SBI Has Continued To Increase From 5 Trading Sessions
SBI share has been rising for the past 5 trading sessions. This share closed on January 25 with a loss of Rs 613.
Since then, the share has increased to around Rs 45 and 48. This is an 8 percent increase.
Since seven trading sessions, the Nifty PSU Bank Index has seen a steady rise. This index experienced a sharp fall of 4 percent on June 23.
This index has closed in the black continuously since January 18, excluding that particular trading session.
SBI Share Price History
State Bank shares have reached a new intraday high of Rs 660. This is a record high. This stock increased by 0.94% in a month, 14.10% in six months, and 18.81% in a year.
This stock reached the minimum level of Rs 499 in 2023 on the 1st of February. On December 20, the stock reached its highest level at Rs 659.
About State Bank of India Company
State Bank of India (SBI) is India’s largest and oldest bank. It is a public-owned corporation. The company is registered with an office in Mumbai.
The company has been established as an Indian Multinational, Public Sector Banking and Financial services legal body.
Due to its rich history and its legacy of more than 200 years of its founding in the British East India Company (established as the Bank of Calcutta, in 1806), it is the most known Bank by Indians across generations.
It has over 13500 branches throughout India. It is a major financial institution that offers bank services such as savings accounts, fixed-deposits educational loans for individuals, personal loans SME loans, and agricultural banking to satisfy all your banking needs.
It holds the majority stake in five affiliate banks. SBI is home to more than 155 branches spread across around 30 countries abroad which includes the numerous locations in the US, Canada, and Nigeria.
It is owned by the Reserve Bank of India and owns around 60 percent of the State Bank of India.
Fundamental Analysis of State Bank of India
| Market Cap | ₹ 5,79,787 Cr. |
| Current Price | ₹ 648 |
| 52-wk High | ₹ 660.55 |
| 52-wk Low | ₹ 501.55 |
| Stock P/E | 8.48 |
| Book Value | ₹ 402 |
| Dividend | 1.74 % |
| ROCE | 5.20 % |
| ROE | 16.8 % |
| Face Value | ₹ 1.00 |
| P/B Value | 1.62 |
| OPM | 43.6 % |
| EPS | ₹ 76.4 |
| Debt | ₹ 49,89,687 Cr. |
| Debt to Equity | 13.9 |
State Bank of India Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹700 | ₹728 |
| 2025 | ₹730 | ₹745 |
| 2026 | ₹755 | ₹765 |
| 2027 | ₹800 | ₹870 |
| 2028 | ₹900 | ₹954 |
| 2029 | ₹967 | ₹989 |
| 2030 | ₹1000 | ₹1121 |
State Bank of India Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 57.50% |
| Mar 2023 | 57.49% |
| June 2023 | 57.47% |
| Sept 2023 | 57.49% |
| Dec 2023 | 57.49% |
| FII Holding | |
| Dec 2022 | 10.09% |
| Mar 2023 | 9.89% |
| June 2023 | 10.36% |
| Sept 2023 | 10.72% |
| Dec 2023 | 10.91% |
| DII Holding | |
| Dec 2022 | 25.36% |
| Mar 2023 | 25.20% |
| June 2023 | 24.83% |
| Sept 2023 | 24.36% |
| Dec 2023 | 24.15% |
| Govt. Holding | |
| Dec 2022 | 0.03% |
| Mar 2023 | 0.03% |
| June 2023 | 0.03% |
| Sept 2023 | 0.03% |
| Dec 2023 | 0.03% |
| Public Holding | |
| Dec 2022 | 7.03% |
| Mar 2023 | 7.40% |
| June 2023 | 7.30% |
| Sept 2023 | 7.41% |
| Dec 2023 | 7.40% |
State Bank of India Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 253,322 Cr |
| 2020 | ₹ 269,852 Cr |
| 2021 | ₹ 278,115 Cr |
| 2022 | ₹ 289,973 Cr |
| 2023 | ₹ 398,452 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 3,351 Cr |
| 2020 | ₹ 21,140 Cr |
| 2021 | ₹ 23,888 Cr |
| 2022 | ₹ 37,183 Cr |
| 2023 | ₹ 70,399 Cr |
Last 10 Years’ Profit Growth:
| 10 Years: | 12% |
| 5 Years: | 76% |
| 3 Years: | 50% |
| Current Year: | 66% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 8% |
| 5 Years: | 10% |
| 3 Years: | 13% |
| Last Year: | 17% |
Sales Growth Over 10 Years:
| 10 Years: | 8% |
| 5 Years: | 9% |
| 3 Years: | 9% |
| Current Year: | 29% |
Conclusion
This article is a complete guide about State Bank of India (SBI) Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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Also Read: Strong Government Share For Bumper Return; ₹331 and ₹341 Share Price Target
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