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    HomeNewsBusinessStocksBuy State Bank of India; target of Rs 605: ICICI Direct

    Buy State Bank of India; target of Rs 605: ICICI Direct

    ICICI Direct is bullish on State Bank of India has recommended buy rating on the stock with a target price of Rs 605 in its research report dated May 14, 2022.

    Broker Research
    May 14, 2022 / 13:53 IST
       
       
      26 Aug, 2025 12:21
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      ICICI Direct's research report on State Bank of India

      SBI is a public sector bank and also the largest bank in India with a balance sheet size of over ~ RS 54 lakh crore. Strength in retail portfolios and best operating metrics in the PSU banking space • Large subsidiaries, strong outlook adding value to the banks.

      Outlook

      We retain our BUY rating on the stock. We value the bank at ~1.1x FY24E ABV (from 1.2x) and subsidiaries at ~RS 186 per share to arrive at a revised target price of RS 605 from RS650 earlier.

      For all recommendations report, click hereDisclaimer: 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.

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      Broker Research
      first published: May 14, 2022 01:53 pm

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