Buy State Bank of India; target of Rs 315: Geojit Research

Geojit Research is bullish on State Bank of India has recommended buy rating on the stock with a target price of Rs 315 in its research report dated February 16, 2017.

February 23, 2017 / 10:34 IST

26 Aug, 2025 12:21

Volume

Todays L/H

Geojit Research' report on State Bank of India

Deposits showed healthy growth of 14% YoY, boosted by demonetization. Domestic deposits grew by 24% YoY driven by 35% increase in CASA deposits. Hence, the CASA ratio improved sharply by 385 bps YoY to 46.6%. However, SBI’s loan growth was subdued (↑4% YoY) due to 11% YoY decline in SME loans and muted growth in large corporate loan book.

Outlook

Hence, we continue to maintain a BUY rating on the stock with a revised upward target price (TP) of Rs 315 using the sum of the part (SOTP) methodology, where we value its standalone business at Rs 251 (P/ABV of 1.4x for FY19E) and subsidiaries at Rs 64.

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.

first published: Feb 23, 2017 10:34 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347