State Bank of India (SBI) Share Price Heavily Bullish after 817, see what market experts say
State Bank of India (SBI), the largest public sector bank in India, is expected to see a positive movement in its share price tomorrow, according to analysts’ predictions. The consensus estimate suggests an upside potential of 18.83% from the last closing price of ₹790.85.
The macroeconomic environment in India is improving, and SBI is poised to see good market returns in the future. With higher interest rates, increased credit growth, and wider margins, the bank’s growth seems imminent. In the last year, SBI’s stock has generated a return of 187.2% over three years, outperforming the NIFTY 100 (90.38%) and NIFTY Bank (93.73%).
The stock is currently trading at a lower price than its 200-day moving average, but analysts believe it may see a rise in the coming days. A similar trend was observed in the last year, and the stock eventually gained by 7%.
SBI has an average target price of ₹939.78, which represents an upside potential of 18.83% from the last closing price. The stock has an average target of ₹939.78, with the consensus estimate suggesting an upside of 18.83% from the last price of ₹790.85.
The bank’s fundamentals remain strong, and it has consistently paid dividends to its shareholders. Since 2001, SBI has declared 21 dividends, and in the past year, it generated an equity dividend of ₹7.10 per equity share.
Analysts believe that the current low price of the stock presents a good buying opportunity for investors looking for long-term returns. The stock is trading at a low price, and it is a good time to buy the stock.
Investors can buy SBI stock through their demat and trading account held with their bank or through a reputed brokerage. The stock has an average target price of ₹939.78, which represents an upside potential of 18.83% from the last closing price.
SBI’s share price is expected to perform well tomorrow, with analysts predicting an upside potential of 18.83%. The bank’s strong fundamentals, consistent dividend payments, and positive macroeconomic environment make it an attractive investment option for long-term investors.
Disclaimer: The information given in this article is from investment experts and brokerage companies, they do not represent Local Haryana. Before taking any investment related decision, you must consult a certified expert.
