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    HomeNewsBusinessStocksBuy State Bank Of India; target of Rs 320: Axis Direct

    Buy State Bank Of India; target of Rs 320: Axis Direct

    Axis Direct is bullish on State Bank Of India has recommended buy rating on the stock with a target price of Rs 320 in its research report dated February 17, 2017.

    February 20, 2017 / 17:10 IST
       
       
      26 Aug, 2025 12:21
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      Axis Direct's research report on State Bank Of India

      Profit of Rs 17.6 bn received from stake sale in SBI Life helped buoy SBIN’s Q3PAT to Rs 26 bn. Loan growth remained muted (+4% YoY) due to 11% YoY decline in SME loans and largely flat large corporate book.

      Outlook

      We maintain BUY with SOTP-based TP of Rs 320 (16% upside from CMP), valuing the core book at 1.5x FY18E P/ABV and Life Insurance subsidiary at Rs 340 bn (25% discount to last deal value of Rs 460 bn). At CMP, SBIN trades at 1.3x FY18E P/ABV (adj. for investments and NPAs).
      For all recommendations, 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.

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      first published: Feb 20, 2017 05:10 pm

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