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Buy State Bank of India target of Rs 415: Sharekhan

Sharekhan is bullish on State Bank of India has recommended buy rating on the stock with a target price of Rs 415 in its research report dated January 31, 2020.

February 13, 2020 / 12:51 PM IST
 
 
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Sharekhan's research report on State Bank of India


SBI’s Q3 FY20 results were strong with NII up by 22.4% y-o-y (versus our expectation of 16.9% y-o-y) and domestic net interest margin (DNIM) improved to 3.59%. Asset quality performance was encouraging, as net NPA ratio stood at 2.65%, while gross NPA ratio came in at 6.94%. We believe that an improving asset-quality outlook and better operating metrics in the PSU bank space are positives.


Outlook


We maintain our Buy rating on the stock with a revised PT of Rs. 415.


For all recommendations report, click here


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

Broker Research
first published: Feb 10, 2020 03:52 pm

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