Hold SBI, says Sudarshan Sukhani

161049 Investors following SBI. Share this News with them.

0

Like this story, share it with millions of investors on M3

Hold SBI, says Sudarshan Sukhani

Hold SBI, says Technical Analyst, Sudarshan Sukhani.

Post your opinion here

 

0

Tweet

Share on Tumblr

Excerpts from Your Stocks on CNBC-TV18 Watch the full show » ALSO READ See previous views by Sudarshan Sukhani See what other Experts & Brokerages are saying about SBI See messages about SBI SBI BSE | NSE 30/05/12 Are Mutual Funds betting on SBI?

Hold SBI , says Technical Analyst, Sudarshan Sukhani .

Sukhani told CNBC-TV18, "One must hold SBI infact its also a buying opportunity. If the Nifty is to go up, whether it goes up now or after six months, the banking sector is likely to lead that rally and SBI is one of the far better buys. So you hold on to your stock and don't think of selling it, you would find much higher levels in the next 2-3 years."

Market capitalisation stands at Rs 129,864.75 crore. The company touched its 52 week high Rs 2,500.00 and 52 week low Rs 935.00 on 16 Oct, 2009 and 12 Mar, 2009, respectively. Currently, it is trading -18.18% below its 52-week high and 118.77% above its 52-week low.

The company's trailing 12-month (TTM) EPS was at Rs 158.17 per share. The stock's price-to-earnings (P/E) ratio was 12.93. The latest book value of the company is Rs 912.73 per share. At current value, the price-to-book value of the company was 2.24. The dividend yield of the company was 1.42%.