In today's session, State Bank of India (SBI) witnessed a significant surge, with the stock price climbing 3.05% to Rs 796.05. This increase was accompanied by a notable rise in trading volumes, suggesting strong market interest and potential accumulation.
The surge in State Bank of India shares is particularly noteworthy given the recent historical sentiment. According to sentiment analysis, the stock's rating has improved from 'Neutral' on April 11, 2025, when the closing price was Rs 753.85, to 'Bullish' on April 16, 2025, with a closing price of Rs 771.75. Today, the sentiment has further escalated to 'Very Bullish' as the price reached Rs 796.00.
Index Inclusion
State Bank of India is a constituent of several key indices, including:- NIFTY 500
- Nifty50 USD
- NIFTY 50
- NIFTY BANK
- NIFTY 100
- NIFTY PSU BANK
- NIFTY SERV SECTOR
- NIFTY FIN SERVICE
- Nifty 200
- NIFTY100 LIQ 15
- NIFTY LargeMidcap 250
- Nifty Financial Services 25/50
- NIFTY Alpha Low-Volatility 30
- Nifty LargeMidcap 250
- Nifty500 Multicap 50:25:25
- Nifty Total Market
Financial Performance Snapshot
A review of State Bank of India’s financial performance reveals the following trends:
Consolidated Quarterly Results:
| Parameter | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 |
|---|---|---|---|---|---|
| Revenue (Cr) | Rs 112,868 | Rs 117,469 | Rs 118,242 | Rs 121,044 | Rs 124,653 |
| Net Profit (Cr) | Rs 11,282 | Rs 21,736 | Rs 19,680 | Rs 20,219 | Rs 19,175 |
| EPS | Rs 12.40 | Rs 23.96 | Rs 21.65 | Rs 22.17 | Rs 21.12 |
Consolidated Annual Results:
| Parameter | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue (Cr) | Rs 269,851 | Rs 278,115 | Rs 289,972 | Rs 350,844 | Rs 439,188 |
| Net Profit (Cr) | Rs 18,177 | Rs 24,317 | Rs 36,395 | Rs 56,609 | Rs 68,224 |
| EPS | Rs 22.15 | Rs 25.11 | Rs 39.64 | Rs 62.35 | Rs 75.17 |
| BVPS | Rs 254.69 | Rs 282.35 | Rs 316.22 | Rs 371.08 | Rs 434.06 |
| ROE (%) | 8.69 | 8.89 | 12.53 | 16.80 | 17.31 |
| NIM (%) | 2.59 | 2.51 | 2.49 | 2.70 | 2.66 |
The financial data indicates consistent growth in revenue and net profit over the years. The bank's improving EPS and ROE figures reflect enhanced profitability and efficiency. The Net Interest Margin (NIM) has remained relatively stable, indicating steady core banking operations.
The surge in State Bank of India shares, coupled with positive sentiment and solid financial performance, suggests a bullish outlook for the stock. Investors will be closely monitoring State Bank of India's performance in the upcoming quarters to see if it can sustain this momentum.
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