Synopsis
State Bank of India, incorporated in the year 1955, is a banking company (having a market cap of Rs 435342.55 Crore).
AgenciesICICI Direct has buy call on State Bank of India with a target price of Rs 517. The current market price of State Bank of India is Rs 487.65.
Time period given by analyst is Intra Day when State Bank of India price can reach defined target. .
State Bank of India, incorporated in the year 1955, is a banking company (having a market cap of Rs 435342.55 Crore).
State Bank of India key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 101143.25 Crore, up 8.44 % from last quarter Total Income of Rs 93266.94 Crore and up 6.05 % from last year same quarter Total Income of Rs 95373.50 Crore. The bank reported net profit after tax of Rs 8889.84 Crore in latest quarter.
Investment Rationale
Breakout above the falling channel containing last one month breather and RSI in buy mode.
Promoter/FII Holdings
Promoters held 57.62 per cent stake in the company as of 30-Sep-2021, while FIIs owned 10.55 per cent, DIIs 24.17 per cent.
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SynopsisState Bank of India, incorporated in the year 1955, is a banking company (having a market cap of Rs 435342.55 Crore).AgenciesPromoters held 57.62 per cent stake in the company as of 30-Sep-2021, while FIIs owned 10.55 per cent, DIIs 24.17 per cent.ICICI Direct has buy call on State Bank of India with a target price of Rs 517. The current market price of State Bank of India is Rs 487.65. Time period given by analyst is Intra Day when State Bank of India price can reach defined target. . State Bank of India, incorporated in the year 1955, is a banking company (having a market cap of Rs 435342.55 Crore). State Bank of India key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2021. Financials For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 101143.25 Crore, up 8.44 % from last quarter Total Income of Rs 93266.94 Crore and up 6.05 % from last year same quarter Total Income of Rs 95373.50 Crore. The bank reported net profit after tax of Rs 8889.84 Crore in latest quarter. Investment RationaleBreakout above the falling channel containing last one month breather and RSI in buy mode. Promoter/FII Holdings Promoters held 57.62 per cent stake in the company as of 30-Sep-2021, while FIIs owned 10.55 per cent, DIIs 24.17 per cent. (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.(What’s moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.) Download The Economic Times News App to get Daily Market Updates & Live Business News….morelessPick the best stocks for yourself Powered by 5 mins read3 mins read3 mins read2 mins read2 mins read3 mins read4 mins read3 mins read