Hold State Bank of India; target of Rs 215: ICICI Direct

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

ICICI Direct's research report on State Bank of India

SBI reported a strong operational performance with NII surging 16% YoY, whole bank advances up 8.6% YoY and Morat 2.0 at under 10%. SBI reported 9.5% of term loans in Morat 2.0 from 21.8% (by borrowers) and 23% (by value of term loans) in Morat 1.0. Total provisioning for the quarter was at Rs 12501 crore, which includes Covid-19 provisioning of Rs 1836 crore only, lower than other large banks.

Outlook

We maintain HOLD with a target price at Rs 215, valuing the stock at 0.7x FY22E ABV standalone bank and assigning subsidiaries value of Rs 80 post holding company discount. The MD’s tenure ending by October 2020 may create some anxiety in the stock.

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.

Read More