SBI share price: Experts see healthy returns after Q2 results 2024
With the September quarter earnings of India’s largest bank by total assets, State Bank of India, just around the corner, analysts have turned bullish on the stock, forecasting a healthy upside from its current market price.
SBI will announce its September quarter (Q2) results on Friday, November 8.
In the first quarter of the current financial year, SBI’s net profit remained almost flat. Its net interest income (NII) rose 5.7 per cent year-on-year, while the net interest margin (NIM) dropped 12 basis points (bps).
SBI stock Q2 expectations
For Q2FY25, the bank is expected to report a healthy rise in profit, but higher provisions could occur, and margins may…
