State Bank of India
SMC online
Summary | Date | Stock | Author | LTP | Target | Price at reco (Change since reco%) |
Upside(%) | Type | Report | Discuss | |
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19 May 2023 | SBI |
SMC online
|
886.95 | 575.15 (54.21%) |
Results Update
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19 May 2023 | SBI |
Bonanza
|
886.95 | 770.00 | 575.15 (54.21%) | Target met |
Buy
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Continues to scale to new profitability peaks, well-placed with multiple earnings levers
Bonanza
Strong non-interest income (34% above estimates) aided by recoveries in written-off accounts and miscellaneous income and a sequential drop in provisions aided SBI surpass its previous peak quarterly profit of ? 150bn (in Q2FY22) to touch ? 167bn in Q4FY23.
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19 May 2023 | SBI |
BOB Capital Markets Ltd.
|
886.95 | 729.00 | 575.15 (54.21%) | Target met |
Buy
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19 May 2023 | SBI |
ICICI Securities Limited
|
886.95 | 730.00 | 574.20 (54.47%) | Target met |
Buy
|
Yet another strong quarter
ICICI Securities Limited
Despite sharp QoQ rise in opex, State Bank of India (SBI) once again reported a strong quarter with Q4FY23 PAT at Rs166.9bn and annualised RoA at 1.23%, driven by strong business growth, NIM uptick, strong ‘other income’ and contained credit costs. Both loan and deposit growth was strong (and better than expected) at ~4.6-5.0% QoQ while net slippages turned negative.
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19 May 2023 | SBI |
Axis Direct
|
886.95 | 715.00 | 575.15 (54.21%) | Target met |
Buy
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Result Update:St Bk of India
Axis Direct
Company Outlook & Guidance: Aided by healthy growth, stable margins, improving fee income profile and muted credit costs on the back of lower slippages and healthy recoveries, we expect SBI to continue delivering healthy RoA/RoE of 1%/15-17% over the medium-term.
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19 May 2023 | SBI |
Prabhudas Lilladhar
|
886.95 | 770.00 | 575.15 (54.21%) | Target met |
Buy
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19 May 2023 | SBI |
ICICI Direct
|
886.95 | 725.00 | 575.15 (54.21%) | Target met |
Buy
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18 May 2023 | SBI |
Motilal Oswal
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886.95 | 700.00 | 574.20 (54.47%) | Target met |
Buy
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17 May 2023 | Bank of Baroda |
ICICI Direct
|
266.15 | 220.00 | 185.90 (43.17%) | Target met |
Buy
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17 May 2023 | Bank of Baroda |
Prabhudas Lilladhar
|
266.15 | 235.00 | 185.90 (43.17%) | Target met |
Buy
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