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Buy State Bank of India target of Rs 380: Sharekhan

Sharekhan is bullish on State Bank of India has recommended buy rating on the stock with a target price of Rs 380 in its research report dated August 02, 2019.

August 08, 2019 / 12:36 PM IST
 
 
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Sharekhan's research report on State Bank of India


State Bank of India (SBI) posted weak results for Q1FY2020. Topline and operational performance was below expectations. NII growth was at a multi-quarter low. We have been conservative in our estimates, and, so, while the bank has revised its credit cost/ROA outlook, we maintain our FY2020E/FY2021E earnings.


Outlook


We maintain our Buy rating on the stock with a revised PT of Rs. 380.


For all recommendations report, click here


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Broker Research
first published: Aug 8, 2019 12:36 pm

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