stock recommendations: Buy State Bank of India, target price Rs 1,000: ICICI Securities
ICICI Securities has buy call on State Bank of India (SBI) with a target price of Rs 1,000. The current market price of State Bank of India share is Rs 805.2 . State Bank of India, incorporated in the year 1955, is a banking company with a market cap of Rs 718387.29 crore.
SBI key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2024.
Investment Rationale
According to the brokerage, SBI sports superior credentials for asset quality on both absolute (GNPA consistently
The brokerage estimates rise in net slippages but believe ~50bps of credit costs should suffice as net NPA (~0.6%) appears to…
