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SBIN

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+16.10 (+3.05%)

NSE Volume

323.2L+

Broker Reports

Call Price: ₹498
28 MAR 22
Target: ₹650
Change: ₹494.85 (0.13%)

BUY

Call Price: ₹487
24 MAR 22
Target: ₹675
Change: ₹490.35 (0.69%)

BUY

Call Price: ₹440
9 MAR 22
Target: ₹595
Change: ₹485.6 (3.23%)

BUY

Call Price: ₹535
10 FEB 22
Target: ₹651
Change: ₹512.8 (-0.69%)

BUY

Call Price: ₹530
5 FEB 22
Target: ₹650
Change: ₹533.2 (0.57%)

BUY

Call Price: ₹530
7 FEB 22
Target: ₹610
Change: ₹533.2 (0.57%)

BUY

Call Price: ₹530
7 FEB 22
Target: ₹650
Change: ₹532.4 (0.41%)

BUY

Call Price: ₹529
6 FEB 22
Target: ₹639
Change: ₹537.2 (1.32%)

BUY

Call Price: ₹456
22 DEC 21
Target: ₹650
Change: ₹461.95 (1.35%)

BUY

Call Price: ₹528
4 NOV 21
Target: ₹572
Change: ₹529.2 (1.16%)

BUY

Call Price: ₹527
4 NOV 21
Target: ₹670
Change: ₹519.55 (-2.05%)

BUY

Call Price: ₹528
3 NOV 21
Target: ₹675
Change: ₹530.45 (0.53%)

BUY

Call Price: ₹531
3 NOV 21
Target: ₹617
Change: ₹530.45 (0.53%)

BUY

Call Price: ₹444
15 SEP 21
Target: ₹534
Change: ₹463.65 (4.46%)

BUY

Call Price: ₹407
20 AUG 21
Target: ₹600
Change: ₹412.35 (0.38%)

BUY

Call Price: ₹442
6 AUG 21
Target: ₹532
Change: ₹406.95 (-3.07%)

BUY

Call Price: ₹444.8
5 AUG 21
Target: ₹536
Change: ₹444.95 (-2.65%)

BUY

Call Price: ₹444.05
5 AUG 21
Target: ₹530
Change: ₹446.3 (-2.35%)

HOLD

Call Price: ₹401
22 MAY 21
Target: ₹480
Change: ₹401.1 (4.3%)

BUY

Call Price: ₹364.35
31 MAR 21
Target: ₹460
Change: ₹328.8 (-6.87%)

BUY

Call Price: ₹261.13
23 DEC 20
Target: ₹320
Change: ₹275 (-0.67%)

BUY

Call Price: ₹246.06
25 NOV 20
Target: ₹290
Change: ₹256.7 (4.01%)

HOLD

Call Price: ₹234.2
12 NOV 20
Target: ₹294
Change: ₹226.8 (-3.16%)

BUY

Call Price: ₹207.05
5 NOV 20
Target: ₹261
Change: ₹218.7 (5.63%)

BUY

Call Price: ₹207.05
5 NOV 20
Target: ₹323
Change: ₹218.7 (5.63%)

BUY

Call Price: ₹207.05
5 NOV 20
Target: ₹290
Change: ₹216.7 (4.66%)

BUY

Call Price: ₹201.63
19 OCT 20
Target: ₹250
Change: ₹204.05 (4.21%)

BUY

Call Price: ₹191.78
2 AUG 20
Target: ₹215
Change: ₹193.15 (0.89%)

BUY

Legacy book being provided for, wage provision needs also limited and scope for NIM expansion augur well for the bank’s future earnings. Covid19 provisions and hangover of Yes Bank are keeping the stock performance muted. Expect return ratios at RoA at 0.5% and 9.1% RoE by FY22E. We maintain HOLD with a target price at Rs 215, valuing the stock at 0.7x FY22E ABV standalone bank and assigning subsidiaries value of Rs 80 post holding company discount. The MD’s tenure ending by October 2020 may create some anxiety in the stock.
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Call Price: ₹181.97
6 JUN 20
Target: ₹254
Change: ₹187.8 (7.9%)

BUY

SBI’s earnings of Rs35.8bn beats our estimate (PLe: Rs20.2bn) on the back of strong other income as fee income held up & better recovery from w. off a/c. Although, NII disappointed with flattish growth despite PLe being lower than consensus which was led by interest reversals (for three years) from Agri, slower loan growth and strong liabilities volume despite lowering deposit rates. Bank has disclosed that 22% of customers are under moratorium which cannot be compared to peers as bank has not disclosed based on value. But listening into the commentary and getting colour of morat book, value wise it should be similar to other banks in range of 25-30%, although it seems less vulnerable at this juncture to see a pile up of slippages. We were expecting a downward slippage curve in FY21/FY22, but seems that slippages ratio will remain around 250bps and 200bps of credit cost. Undemanding valuation keeps our BUY rating intact with revised TP of Rs254 (from Rs317) based on 0.8x (from 1.0x) core Mar-22 ABV & Rs106 for subs.
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Call Price: ₹269.09
6 MAR 20
Target: ₹325
Change: ₹254.75 (-5.81%)

BUY

Given the exposure of Yes Bank to stressed sectors and this bailout, we expect SBI’s valuation multiple to be de-rated in the near term. We value the company on an SOTP basis and are now value the standalone bank at 1x FY22E ABV. We reduce our target price from | 400 to | 325. We assign subsidiaries value of Rs 106 post holding company discount. We maintain BUY recommendation with a near term cautious view if equity investment is converted to merger
... Read more
Call Price: ₹313.35
1 FEB 20
Target: ₹377
Change: ₹320.5 (-0.47%)

BUY

State Bank of India (SBI) reported its 3QFY20 results with the key pointers being: (1) Adjusted for DHFL, slippages continue to be on the lower side (2) Adjusted for the one-off, NIM was at 3% for the quarter (3) Retail drives credit growth; corporate sanction pipeline is good (4) Deposit growth keeps pace (see detailed analyst meet takeaways on page 2 for significant incremental colour). Per se, on the key P&L items, SBI posted NII growth of 22% YoY at Rs277.8bn, PPOP growth of 44% YoY at Rs182.2bn and PAT growth of 41% YoY at Rs 55.8bn. We have revised our estimates for FY20/FY21/FY22 and retained Buy rating on SBI, retaining our target price of Rs377 and valuing the standalone entity at 0.8x H1FY22E P/ABV and ascribing a value of Rs101 for subsidiaries.
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Call Price: ₹322
7 FEB 20
Target: ₹369
Change: ₹320.5 (-0.47%)

BUY

We expect the asset quality to further improve on the back of strong recoveries and stable domestic NIM while the lower tax rate will drive profitability. We reiterate our BUY rating with a target price of Rs. 369 using the SOTP methodology. We value the standalone bank at 0.8x FY22E BVPS at Rs. 279 and subsidiaries at Rs. 113.
... Read more
Call Price: ₹303.15
3 FEB 20
Target: ₹419
Change: ₹301.65 (-0.49%)

BUY

SBI’s earnings of Rs55.8bn (PLe: Rs30.0bn) was better on one-off expected benefits from the strong NPA recoveries. Bank also moved to new tax rate by adjusting DTA impact (net Rs13.0bn). Adjusting to one-offs operationally NII was very marginally weak but fee income was quite good coupled with strong control on opex. Key positive was fresh slippages (excluding the HFC A/c) were quite lower, while SMA book came off & progressive resolutions on stress seems to leading to some optimistic visibility on asset quality. Going ahead, loan growth improvement, NIMs & credit cost trends will drive return ratios with much better position on both strong PCR & Tier-I capital. We have slightly tweaked loan growth lower, adjusted NIMs and factored in stake sale gains from SBI Cards (adjusted in SOTP as well). Retain BUY with revised TP of Rs419 (from Rs413) based on 1.3x core Sep-21 ABV & Rs118 for subs.
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Call Price: ₹339.49
2 DEC 19
Target: ₹425
Change: ₹337.25 (2.24%)

BUY

SBIN has demonstrated a strong improvement in slippage trajectory and prudently improved PCR over the past two years. The bank has one of the lowest net stressed assets amongst corporate banks which will drive a sharp decline in credit cost to 1.3% by FY21. Also, NCLT write-backs and subs monetization will further boost earnings. At CMP, subs accounts for ~34% of total valuation, while the bank trades at a discount of 24% to its six-year average (1.2x ABV). We estimate RoA/RoE to improve to 0.8%/14.1% by FY21 though quarterly earnings may still remain volatile. SBIN remains our top investment idea. Maintain Buy with a revised target price of INR425 (1.3x FY21E ABV + INR114 per share for subs).
... Read more
Call Price: ₹312.65
1 NOV 19
Target: ₹398
Change: ₹313.5 (0.4%)

BUY

State Bank of India is India’s largest bank. The bank operates 21,929 branches globally and has a vast network of 58,567 ATMs/CDMs. It provides a wide range of financial services, such as insurance, credit cards and asset management, through its subsidiaries. Net interest income grew 17.7% YoY to Rs. 24,600cr while Domestic net interest margin (NIM) expanded 21bps QoQ/42bps YoY. Lower-cost CASA deposits improved 8.1% YoY, however CASA ratio declined 14bps YoY to 45.1%. Gross loans & advances rose 8.7% YoY, as domestic and foreign loans grew 8.4% and 10.1%, respectively. GNPA/NNPA ratio improved to 7.2%/2.8% in Q2FY20 (vs. 9.9%/4.8% in Q2FY9). Capital adequacy ratio elevated to 13.8% (+98bps YoY). We retain our Buy rating on SBI with a target price of Rs 398 (SOTP).
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Call Price: ₹286.87
30 OCT 19
Target: ₹413
Change: ₹289.95 (3.37%)

BUY

SBI hosted an investor day showcasing its business strategy and future roadmap in the medium term. Management remains highly focused on improving its core operating profit & reaching ROAs towards 1.0% by end of FY21. Key enablers will be (i) improving NIMs from lower cost of funds, lower interest reversals and risk based pricing on loans (ii) steady fee income generation & opex control below 10% or C/I of 45% (from current 50-55%) and (iii) credit cost of <100bps with slippages of 1.5% assuming LGDs of 50-60% in base line scenario. Bank on consolidated basis also sees huge value addition by subsidiaries in SBI eco system for non-lending financial products and will monetize the same ahead. Bank’s baseline scenario of PPOP Rs650bn & Rs750bn in FY20/FY21E can be achievable but we vary on ROAs of 0.9%-1.0% by FY21 as timing of provisions on new stressed assets will have to be upfront & write-back from recoveries can be delayed despite large cushion available. We retain BUY with revised TP of Rs413 (from Rs396) as we slightly up valuations in subsidiaries with bank estimates unchanged.
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Call Price: ₹280.5
30 OCT 19
Target: ₹400
Change: ₹289.95 (3.37%)

BUY

The management continues to be confident that balance sheet has been improving and has guided for a strong recovery ahead with RoA target of 0.5% in FY20E. We raise provisions for NPA and build in DTA tax adjustment of ~Rs 3000 crore impacting FY20E earnings. A gradual pick-up in credit off- take coupled with healthy operational matrix augurs well for future earnings. A recovery from large NCLT account and stake sale in subsidiaries is expected to unlock valuation. We maintain our target price at Rs 400, valuing at 1.5x FY21E ABV. We maintain BUY recommendation.
... Read more
Call Price: ₹282.05
29 OCT 19
Target: ₹365
Change: ₹280.5 (-0.55%)

BUY

State Bank of India (SBI) reported its 2QFY20 results with the key pointers being: (1) Net reduction in GNPAs was Rs. 68.58 bn, marking a continued trend in asset quality improvement. Exceptional gains were used for upfront provisioning and (2) NIM expansion has been a function of declining cost of deposits as well as increasing yields (see detailed analyst meet takeaways on page 2 for significant incremental colour). Per se, on the key P&L items, SBI posted NII growth of 18% YoY at Rs246.0bn, PPOP growth of 19% YoY at Rs147.1bn and PAT growth of 219% YoY at Rs 30.1bn. We have revised our estimates for FY20/FY21/FY22 and retained Buy rating on SBI, revising our target price to Rs365 (from Rs399 earlier), valuing the standalone entity at 0.8x H1FY22E P/ABV and ascribing a value of Rs96 for subsidiaries.
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Call Price: ₹276.24
26 OCT 19
Target: ₹389
Change: ₹280.55 (-0.53%)

BUY

A qtr mostly full of positives, 2Q saw improvement in SBIN’s asset quality as slippages halved and NIM, PCR further expanded. However, there’s more than meets the eye. Maintain BUY with an SOTP of Rs 389 (1.3x Sept-21E ABV of Rs 232 + Rs 87 sub value). While SBIN surprised with a sharp improvement in performance across fronts (reduction in reported stress, NIM expansion and better coverage), we are a tad weary of the sustainability of the pace of this improvement. No material progress has been on large IBC cases and further standard exposure to vulnerable sectors/entities does not bode well for stress; the recent spate of ratings downgrades does not help, either. Still, the worst in terms of asset quality is long behind. This underpins our BUY.
... Read more
Call Price: ₹276.24
25 OCT 19
Target: ₹396
Change: ₹281.6 (7.19%)

BUY

SBI’s earnings of Rs30.1bn (PLe: Rs26.3bn) was better as (i) not adopting lower tax rate hence not resulting in markdown in DTA (ii) relatively strong NII & recovery from w.off. Key positive was much lower fresh slippages of Rs88.0bn with all segments declining especially retail & corporate. Also o/s SMA & stress a/c under new resolution framework saw marginal decline to 1.4% of loans v/s 1.5% in Q1FY20. Operationally bank has been improving with near industry growth & upward NIMs trajectory, opex control and much better PCR and hence, has the ability to absorb hits from existing stress assets, although if additional assets come under stress earnings will see slower recovery. We retain BUY with revised TP of Rs396 (from Rs388) on higher SBI life share in SOTP.
... Read more
Call Price: ₹283.13
11 SEP 19
Target: ₹352
Change: ₹280.15 (-7.37%)

BUY

Call Price: ₹315.05
2 AUG 19
Target: ₹380
Change: ₹289.85 (2.28%)

BUY

Call Price: ₹297.02
5 AUG 19
Target: ₹398
Change: ₹289.85 (2.28%)

BUY

SBIN’s mostly in line operating performance in 1QFY20 was marred by higher than expected slippages. Additional stress and slower resolutions will delay the expected RoAA improvement. Maintain BUY. Our SOTP (1.3x Jun- 21E ABV of Rs 228 + Rs 101 sub value) is Rs 398. After sustained improvement over FY19, SBIN disappointed on asset quality in 1QFY20. Slower than expected resolution in NCLT cases, a buildup in anticipated stress and deteriorating macros are likely to postpone RoAA improvement (as credit costs rise). Our earnings estimates are highly sensitive to asset resolution outcomes. Nevertheless, the worst is long behind SBIN (in terms of asset quality).
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Call Price: ₹315.05
2 AUG 19
Target: ₹380
Change: ₹289.85 (2.28%)

BUY

SBI trades at 1.3x its FY2021E book value, which we believe is reasonable considering it to have better operating metrics in the PSU space. We have been conservative in our estimates, and, so, while the bank has revised its credit cost/ROA outlook, we maintain our FY2020E/ FY2021E earnings. Thus, we maintain our Buy rating on the stock with a revised PT of Rs. 380.
... Read more
Call Price: ₹301.06
6 AUG 19
Target: ₹380
Change: ₹289.85 (2.28%)

BUY

After reporting a benign slippage rate over the past few quarters, SBIN has again reported an increase in slippage trajectory, reflecting the deterioration in the underlying lending environment. The bank has lowered its guidance on core RoA to ~0.6% (excluding NCLT write-backs) and increased the credit cost guidance to 1.4% for FY20. We cut our FY20/21 earnings estimates by 14%/11% to factor in higher credit cost/slippages. The bank’s core operating profitability is likely to improve, led by expansion in margins and cost control, which will help mitigate some credit cost pressures. We, thus, revise our target price to INR 380 (1.2x FY21E ABV). Maintain Buy.
... Read more
Call Price: ₹308.45
5 AUG 19
Target: ₹370
Change: ₹302.6 (0.78%)

BUY

We have revised our NII estimates by 3.2%/3.2%, PPOP estimates by -0.5%/-2.9% and PAT estimates by -17.2%/-5.1% for FY20/FY21, respectively. We have valued the standalone entity at 0.9x FY21E P/ABV, ascribing a value of Rs83 for subsidiaries and revising our target price on it to Rs370 (from Rs430 earlier).
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Call Price: ₹308.45
5 AUG 19
Target: ₹400
Change: ₹302.6 (0.78%)

BUY

The management continues to be confident that balance sheet has been repaired & guides for strong recovery (~| 17000 crore) and modest target of 12% credit growth. We factor in fresh fund raising of | 20000 crore in H2FY20E. We marginally raise slippages, thereby leading to higher provision which impacts our PAT estimates by ~12%/5% in FY20E/21E respectively. We maintain target price at | 400, valuing core bank at 1.5x FY21E ABV & subsidiary at |90, post 10% holdco discount, factoring in <2% slippage ratio, 0.6% RoA (vs.0.8% earlier) & 10-12% RoE guidance by management.
... Read more
Call Price: ₹315.05
2 AUG 19
Target: ₹369
Change: ₹302.6 (0.78%)

BUY

The incremental stress creates higher potential risk to asset quality and provisions impacting improvement in earnings, while stress from non-corporate also remains high especially Agri/SME. We factor in marginal hits to asset quality & earnings (increase CC to 195bps from 140bps for FY20) with revised TP of Rs369 (from Rs427) and retain BUY with valuations still being reasonable at 1.1x core ABV.
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Call Price: ₹356.5
26 JUN 19
Target: ₹435
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹315.2
17 MAY 19
Target: ₹352
Change: ₹341.4 (0.52%)

ACCUMULATE

Core operating performance is expected to improve in FY20E. NPL recovery in IBC cases and gains from subsidiaries stake sale would push return ratios in FY20. We expect an ROA of 60bp in FY20E and 80bp in FY21E. We reiterate Accumulate with revised TP of INR 352 from INR 332 and determine SBI (standalone banking entity) value at INR 274 from INR 257 at 1.3x (unchanged) one-year forward P/ABV and INR 78 (from INR 75) towards key subsidiaries.
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Call Price: ₹311.6
16 MAY 19
Target: ₹351
Change: ₹341.4 (0.52%)

ACCUMULATE

State Bank of India is currently trading at a P/Adj.BV multiple of 1.16x/1.04x on FY20E/FY21E book value and we expect the valuation of the bank to improve on back of its improving ROE outlook and asset quality metrics. The bank’s expanding retail franchisee supports asset yields on back of high margin lending opportunities in home loan segment, while bank’s fee Income engines gain momentum over time. We apply a P/Adj.BV multiple of 1.33x to the FY21 adj. BVPS of INR 183 and arrive at a target price of INR 351 per share using SOTP approach, an upside of 14.3% over the CMP. Accordingly, we assign an “Accumulate” rating.
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Call Price: ₹306.75
14 MAY 19
Target: ₹390
Change: ₹341.4 (0.52%)

BUY

SBI’s strong liability franchise and better capital position differentiate it from other PSU peers. Moreover, industry best cost of funds also helps lower asset side risks. Upwardly revising our earnings estimates by 15%/18% for FY20E/21E owing to moderation in credit costs and lower slippages, we maintain our BUY recommendation on the stock with a revised Target Price of Rs390 (from Rs370 earlier), based on 1.4x FY21E adjusted PBV and the value of its subsidiaries, implying a FY21 P/ABV of 1.6x.
... Read more
Call Price: ₹306.75
14 MAY 19
Target: ₹383
Change: ₹341.4 (0.52%)

BUY

While SBIN’s profits were hit in 4QFY19 by higher provisions, best-in-class coverage was a positive outcome. A possible fund-raise will be book accretive. Maintain BUY with an SOTP of Rs 383 (1.3x Mar-21E ABV of Rs 222 + Rs 95 sub value).
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Call Price: ₹306.75
14 MAY 19
Target: ₹400
Change: ₹341.4 (0.52%)

BUY

The management is confident that balance sheet has been repaired and has guided for strong recovery (~| 17000 crore) in the coming year with modest target of 12% credit growth. We factor in fresh fund raising of | 20000 crore in H2FY20E. We upgrade the target price to | 400 from | 385, valuing at 1.5x FY21E ABV, factoring in higher profit estimates and improved (0.8%) RoE (12-13%) guidance. We reiterate BUY on dwindling asset quality woes.
... Read more
Call Price: ₹308.05
13 MAY 19
Target: ₹373
Change: ₹341.4 (0.52%)

BUY

We have revised our NII estimates by 3.4%/3.3%, PPOP estimates by -5.1%/-5.3% and PAT estimates by 0.3%/0.4% for FY20/FY21, respectively. We have valued the standalone entity at 0.9x FY21E P/ABV, ascribing a value of Rs75 for subsidiaries and revising our target price on it to Rs373 (from Rs366 earlier).
... Read more
Call Price: ₹308.05
13 MAY 19
Target: ₹390
Change: ₹341.4 (0.52%)

BUY

SBI trades at 1.2x its FY2021E book value, which we believe is reasonable considering it to have better operating metrics in PSU space. We thus maintain our Buy rating on the stock with revised PT of 390.
... Read more
Call Price: ₹308.05
13 MAY 19
Target: ₹380
Change: ₹341.4 (0.52%)

BUY

The credit cycle is showing signs of a recovery, as evident in the declining size of SMA-1 & 2 accounts, which stood at INR77.6b (0.4% of advances). Steady trends in the core portfolio, along with healthy recoveries/write-backs via NCLT, will likely drive a further improvement in asset quality over FY20/21. Pick-up in loan growth and resilient margins (guidance of 3.25%) are likely to keep revenue growth buoyant. This, coupled with stable opex (as one-off provisions are largely done away with), is likely to drive healthy earnings growth. Almost every lever of earnings is turning in favor of a big rebound after a dismal four-year earnings holiday. The key concern to watch would be overall macroeconomic slowdown in recent times and any new stress sectors that may impact the credit cost recovery. Our net earnings see a big upgrade (a) 31.8% for FY20 to factor in NCLT-related provisioning write- back and (b) by a modest 2.3% for FY21. We currently value the stock at 1.2x P/ABV and arrive at a target price of INR380. The stock is primed for a further re-rating as the credit cost curve keeps shifting down. Maintain Buy.
... Read more
Call Price: ₹308.05
13 MAY 19
Target: ₹410
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹302.69
10 MAY 19
Target: ₹427
Change: ₹341.4 (0.52%)

BUY

SBI’s core performance was better off than expectations on back of higher other income led by continued strong recovery from W.off a/c, decent NII and relatively good opex control. Earnings were dented on back of sharp provision rise based on ageing of certain legacy NPAs in the NCLT List -1 taking PCR to ~100%. Also, asset quality improved on back of lower slippages (Rs79.6bn or 1.6% of loans) v/s expectations and also incorporating few of the recent stress names. Going ahead, higher recoveries & lower slippages should improve asset quality, while better PCR of +60% (70% on corporate book and 93% on NCLT) should translate to normalization in credit cost, helping improve return ratios. We retain BUY with revised TP of Rs427 (from 361) based on 1.5x Mar-21 (rolled over from Sep-20) and Rs88 for subs.
... Read more
Call Price: ₹291.15
15 MAR 19
Target: ₹319
Change: ₹341.4 (0.52%)

BUY

Banks, especially PSU's in the past months gone by has faced multi- fold problems. Financial as well as liquidity crunches & above all stringent norms for banks marked panic over head of many. Despite the stated reasons, we recommend to BUY SBI which delivered se- quential growth and improved fundamentals beating our calculations and is available at attractive valuation. Estimating P/BV at 1.20x (Est. 5yr avg.) for FY20, the estimated share price turns around to Rs 319.
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Call Price: ₹286.8
11 MAR 19
Target: ₹340
Change: ₹341.4 (0.52%)

BUY

The current move has removed the overhang on SBI and the banking sector, that shifting to external benchmarking will impact banks NIM and profitability. The impact looks largely neutral to marginally positive from SBI’s perspective, as per our calculations. Assuming effective savings ratedecline of 20 bps and 7 bps decline in blended yield on advances, NIM and PAT are expected to improve by 2 bps and 3.4%, respectively, in FY20E. Similarly, at 10 bps decline in blended yield on advances, NIM and PAT are expected to remain largely unaffected. We maintain BUY rating on the stock with a target price of Rs 340 on SoTP basis.
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Call Price: ₹285.11
5 FEB 19
Target: ₹353
Change: ₹341.4 (0.52%)

BUY

SBI is better positioned to capture emerging opportunities amidst slackened competition. Further, value in non-banking subsidiaries will be more stable and scalable. Ascribing Rs 80/share to subsidiaries, the stock trades at 0.8x FY20E P/BV.
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Call Price: ₹284.82
8 FEB 19
Target: ₹320
Change: ₹341.4 (0.52%)

ACCUMULATE

Call Price: ₹281.98
4 FEB 19
Target: ₹340
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹281.98
4 FEB 19
Target: ₹380
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹284.3
4 FEB 19
Target: ₹340
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹284.3
4 FEB 19
Target: ₹340
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹291.97
1 FEB 19
Target: ₹361
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹303.15
11 JAN 19
Target: ₹350
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹295.7
8 JAN 19
Target: ₹345
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹291.28
26 DEC 18
Target: ₹345
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹292.55
19 DEC 18
Target: ₹360
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹289.73
6 NOV 18
Target: ₹340
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹289.73
6 NOV 18
Target: ₹370
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹289.73
6 NOV 18
Target: ₹352
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹292.13
6 NOV 18
Target: ₹355
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹267.3
28 SEP 18
Target: ₹338
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹296.73
13 AUG 18
Target: ₹340
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹304.45
13 AUG 18
Target: ₹340
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹304.45
13 AUG 18
Target: ₹360
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹313.02
10 AUG 18
Target: ₹340
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹313.02
10 AUG 18
Target: ₹349
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹263.73
27 JUN 18
Target: ₹302
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹265.07
23 MAY 18
Target: ₹350
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹250.3
23 MAY 18
Target: ₹365
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹250.3
23 MAY 18
Target: ₹325
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹250.3
23 MAY 18
Target: ₹349
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹248.1
20 MAR 18
Target: ₹414
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹248.1
20 MAR 18
Target: ₹341
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹273.58
16 FEB 18
Target: ₹350
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹296.4
12 FEB 18
Target: ₹420
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹297.76
9 FEB 18
Target: ₹375
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹297.76
9 FEB 18
Target: ₹350
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹313.25
14 DEC 17
Target: ₹386
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹335.25
28 NOV 17
Target: ₹390
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹337.83
13 NOV 17
Target: ₹386
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹335.2
23 NOV 17
Target: ₹373
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹329.88
16 NOV 17
Target: ₹380
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹330.25
14 NOV 17
Target: ₹370
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹326.1
11 NOV 17
Target: ₹415
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹274.1
23 AUG 17
Target: ₹360
Change: ₹341.4 (0.52%)

HOLD

Call Price: ₹280.65
14 AUG 17
Target: ₹341
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹280.65
14 AUG 17
Target: ₹340
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹295
18 JUL 17
Target: ₹340
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹292.25
18 JUL 17
Target: ₹355
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹308
22 MAY 17
Target: ₹348
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹298
22 MAY 17
Target: ₹335
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹308.15
22 MAY 17
Target: ₹375
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹289
17 APR 17
Target: ₹335
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹277
20 MAR 17
Target: ₹320
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹272
22 FEB 17
Target: ₹314
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹276
13 FEB 17
Target: ₹310
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹276
17 FEB 17
Target: ₹320
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹276
10 FEB 17
Target: ₹350
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹270
16 FEB 17
Target: ₹315
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹273
13 FEB 17
Target: ₹334
Change: ₹341.4 (0.52%)

ACCUMULATE

Call Price: ₹272
13 FEB 17
Target: ₹310
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹245.4
3 JAN 17
Target: ₹310
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹196
27 MAY 16
Target: ₹261
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹273
14 NOV 16
Target: ₹315
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹259.4
8 DEC 16
Target: ₹285
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹274
16 NOV 16
Target: ₹315
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹273
15 NOV 16
Target: ₹310
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹278
17 NOV 16
Target: ₹310
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹278
16 NOV 16
Target: ₹310
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹273
15 NOV 16
Target: ₹320
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹278.45
15 NOV 16
Target: ₹235
Change: ₹341.4 (0.52%)

SELL

Call Price: ₹273
15 NOV 16
Target: ₹334
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹257.35
23 SEP 16
Target: ₹284
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹259
22 AUG 16
Target: ₹284
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹257.45
19 AUG 16
Target: ₹290
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹243
16 AUG 16
Target: ₹285
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹226.45
12 JUL 16
Target: ₹240
Change: ₹341.4 (0.52%)

HOLD

Call Price: ₹206.35
7 JUN 16
Target: ₹245
Change: ₹341.4 (0.52%)

BUY

Call Price: ₹198
1 JUN 16
Target: ₹267
Change: ₹341.4 (0.52%)

BUY

Price Target Potential
Brokerage
Sharekhan
Motilal Oswal
Choice Equity Broking
Geojit Financial Services
Prabhudas Lilladher
Target
650
675
595
651
610
Potential
31.35%
37.66%
22.53%
26.95%
14.40%
About
State Bank of India NSE: SBIN | BSE: 500112 | ISIN: INE062A01020 | Sector: Banks
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