📷 Image Credits: CNBCTV18
As the Indian economy continues to showcase signs of growth and recovery, State Bank of India’s (SBI) stock has garnered significant attention from analysts and investors alike. With the current balance sheet size of ₹62 lakh crore, SBI stands out as a key player in the financial sector, surpassing the GDP of nearly 174 countries worldwide. The latest market analysis indicates a positive outlook for SBI, with at least 25% of analysts predicting the stock to cross the ₹1,000 mark.
SBI, listed on both NSE and BSE under the ticker symbols SBIN and 500112 respectively, has shown a gain of 53.82% from its 52-week low, reflecting a turnaround potential that has intrigued market participants. The recent stock price of 835.55 on NSE highlights a steady performance, with a 0.45% increase. The high trading volume this week is indicative of investor interest and confidence in SBI’s growth trajectory.
Analysts have shown bullish sentiment towards SBI, with 10 active buy recommendations for the stock over the next year. This positive outlook is further reinforced by the absence of any active sell recommendations and holds, indicating a consensus among experts regarding the stock’s potential for growth. With such promising projections and strong market performance, SBI remains a key player to watch in the financial sector, poised to achieve significant milestones in the near future.
