SBI may touch Rs 1800: Rajesh Agarwal

Rajesh Agarwal of Eastern Financiers told CNBC-TV18, "State Bank of India's (SBI) numbers were below expectations on front of PAT or NIIs. What helped us and gave solace was the restructured loans which was much lower at around Rs 3,900 crore.”

“Going forward we think the valuations are on a lower side with around 0.8 times price-to-book and 7 times price-to-earnings. There is nothing much to lose from these levels. Maximum it can go to Rs 1,400 odd levels where I think that would be a good level to buy. What I would suggest is at around Rs 1,400 levels buy it and get out at around Rs 1,800 levels. We have target of Rs 1,800 for a period of maybe in the next 9-12 months,” he added.