SBI Share Price: State Bank of India (SBI) released the third quarter results on Thursday. Today the bank shares are trading on the red mark. State Bank of India fell 1.36 per cent to 742.05 in early trade in the morning. Trading on the rupee per share. While writing the news, ie at 1.15 pm, he was trading at Rs 740.30 per share.
How was the financial performance of the bank (SBI Q3 Result)
In the December quarter, the bank’s standalone profit increased by 84 percent on an annual basis but fell 7 percent on a quarter basis. In the December quarter of the current business year, the bank’s profit was Rs 16,891 crore and a net interest income was Rs 41446 crore.
Brokerage opinion (SBI Share Price Target)
Brokerage firm Nomura gave a BUY rating to SBI shares and set a target price of Rs 1000. Nomura says that the quarterly result of SBI was mixed. The bank’s loan growth and asset quality were strengthened, while the NIM was soft.
Brokerage firm Bernstein gave a performance rating to SBI shares and shared the target price of Rs 900 per per. Bernstein said that the ROA of the bank has fallen by 1% due to margin pressure.
The brokerage firm CLSA increased the target price of SBI to Rs 1050 and gave the rating outperform. CLSA has performed the bank’s asset quality.
Brokerage firm HSBC gave a hold rating on SBI and reduced the target price to Rs 800.
SBI Share Performance (SBI Share Performance)
From August 2024, SBI share has given negative returns of 8.45 per cent. At the same time, the stock rose by 9.63 percent in a year. State Bank of India’s market cap is Rs 6.60 lakh crore. The 52 -week highest level of SBI stock is Rs 912.00 and the minimum level of 52 weeks is Rs 655.00.
Disclaimer: This information is only for information purposes and should not be understood as investment advice. It is recommended to consult a financial advisor before making investment decisions.