Shares of State Bank of India (SBI) came under strong selling pressure on Monday as the broader market declined sharply. The stock fell 5.60% during the session to Rs 1,079.40 on the NSE, raising concerns among investors about whether they should sell the PSU banking stock or continue holding it.
Despite the sharp fall, brokerage firm Motilal Oswal Financial Services remains positive on the stock from a long-term perspective. The brokerage has identified State Bank of India as one of its top long-term stock picks for 2026.
Motilal Oswal has given SBI a Buy rating. According to the brokerage, the stock is trading around Rs 1,192 with a target price of Rs 1,300. This indicates a potential upside of about 9.1%.
The…
