Motilal Oswal is bullish on State Bank of India has recommended buy rating on the stock with a target price of Rs 350 in its research report dated February 10, 2017.
Motilal Oswal's research report on State Bank of India
SBIN is highly geared to economic upcycle and improvement in asset quality. Profitability is likely to be the highest among peers due to its policy of recognizing stress upfront and lumpy exposures. Buy with SOTP-based TP of INR 350 (1.1x Dec 18 BV + INR 52 for investments).
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