Get App


Associate Partners

Last Updated : May 13, 2019 04:54 PM IST | Source:

Buy State Bank of India; target of Rs 390: Sharekhan

Sharekhan is bullish on State Bank of India has recommended buy rating on the stock with a target price of Rs 390 in its research report dated May 10, 2019.

Broker Research @moneycontrolcom
  • bselive
  • nselive
Todays L/H

Sharekhan's research report on State Bank of India

State Bank of India (SBI) posted strong results for Q4 FY19 where while its topline and operational performance were in line with expectations, but the sharp improvement in asset quality was the key notable. Net interest margin (NIM) improved by 28 bps sequentially to 2.95% helped by strong domestic advances growth. Along with reduction in GNPAs its provision coverage ratio (PCR) at 78.7% is amongst the best in industry and a strong positive.


We maintain our Buy rating on the stock with revised PT of 390.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Get Lok Sabha 2019 Live Election Results, constituency-wise tally, news, views and analysis
Follow our Lok Sabha Election Result Live Blog here.
First Published on May 13, 2019 04:54 pm
More From
Follow us on
Available On
PCI DSS Compliant