State Bank of India
SMC online
Broker Research reports
for Nifty PSU Bank
- This broker has downgraded this stock from it's previous report. (eg. - Buy->Hold)
- Broker has maintained previous recommendation but reduced share price target.
- This broker has upgraded this stock from it's previous report.(eg. - Sell->Hold)
- Broker has maintained previous recommendation but increased share price target.
RESEARCH REPORTS ALERTS
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| Summary | Date | Stock | Author | LTP | Target | Price at reco (Change since reco%) |
Upside(%) | Type | Report | Discuss | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 07 Nov 2023 | SBI |
SMC online
|
880.65 | 579.75 (51.90%) |
Results Update
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| 06 Nov 2023 | SBI |
Axis Direct
|
880.65 | 715.00 | 574.35 (53.33%) | Target met |
Buy
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| 06 Nov 2023 | Bank of Baroda |
Axis Direct
|
266.95 | 255.00 | 195.60 (36.48%) | Target met |
Buy
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| 05 Nov 2023 | SBI |
ICICI Securities Limited
|
880.65 | 730.00 | 578.15 (52.32%) | Target met |
Buy
|
NIM broadly stable; RoA still >1.0% despite additional wage provision hit
ICICI Securities Limited
State Bank of India (SBI) reported Q2FY24 PAT of INR 143.3bn (up 8% YoY; 5% beat), led by 8% YoY decline in operating earnings, but offset by negligible provisioning. While NII growth was healthy at 12% YoY (NIM broadly stable YoY / QoQ), the bank saw massive 47% YoY rise in staff costs as it beefed up wage bipartite provisions (now providing at 14% wage hike vs 10% earlier).
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| 05 Nov 2023 | SBI |
Motilal Oswal
|
880.65 | 700.00 | 578.15 (52.32%) | Target met |
Buy
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| 05 Nov 2023 | Bank of Baroda |
Motilal Oswal
|
266.95 | 240.00 | 203.80 (30.99%) | Target met |
Buy
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| 04 Nov 2023 | SBI |
Sharekhan
|
880.65 | 710.00 | 574.35 (53.33%) | Target met |
Buy
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| 29 Oct 2023 | Union Bank |
Motilal Oswal
|
139.27 | 125.00 | 99.90 (39.41%) | Target met |
Buy
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| 21 Sep 2023 | SBI |
Bonanza
|
880.65 | 688.00 | 601.10 (46.51%) | Target met |
Buy
|
Miss on guidance; NIM and core PPOP disappoints
Bonanza
SBI reported strong earnings growth of 2.7x YoY led by 100% growth in operating profit driven by treasury gain and low base. However, bank’s miss on NIM guidance and reported decline in margin by 27 bps QoQ led to sequential drag on NII by 3.7%.
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| 14 Sep 2023 | Punjab National Bank |
Sharekhan
|
117.24 | 86.00 | 76.90 (52.46%) | Target met |
Buy
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