State Bank of India (NSE: SBIN): A sharp rise in banking stocks is seen in the first session of the series for March.
The stock market also reached a new record high. SBI shares, the largest government bank in India, are now worth Rs 770.
This is a 3 percent increase. Brokerage firms are very confident in this PSU Bank. A Brokerage even increased its target to more than 17 percent.
SBI Share Price Target
The brokerage increased its target price on the largest government bank in India, SBI, from Rs 780 to Rs 911.
In its report, the brokerage stated that the State Bank of India is expected to maintain its ROA (Return On Assets) above 1 percent despite the headwinds in the sector near-to-medium-term. ROE should be in the 18-20 percent range.
Why Do Brokers Trust SBI’s Outlook?
Normalization of credit costs is expected to compensate for the pressure on the net interest margin.
Moreover, the growth in operational expenses is low. In general, the pressure on interest margins will be reduced.
Bank loan growth will remain strong. Private will be picking up the capex, which will boost corporate and MSME loans.
Even if retail loan growth is modest, the impact will be minimal.
SBI Share Price History
This share closed with a gain of 3 percent at Rs 770. The 52-week highest was Rs 777, which was achieved on 21st February 2024.
It is also a record high. SBI Share closed this week up 1.25 percent, gained 2 percent over the past two weeks, 18 percent in a month, 20 percent for this year so far, 35 percent after three months, 43 percent in a year, and 60 percent in two years.
About State Bank of India
State Bank of India (SBI) is India’s largest and oldest bank. It is a public-owned corporation. The company is registered with an office in Mumbai.
The company has been established as an Indian Multinational, Public Sector Banking and Financial services legal body.
Due to its rich history and its legacy of more than 200 years of its founding in the British East India Company (established as the Bank of Calcutta, in 1806), it is the most known Bank by Indians across generations.
It has over 13500 branches throughout India. It is a major financial institution that offers bank services such as savings accounts, fixed-deposits educational loans for individuals, personal loans SME loans, and agricultural banking to satisfy all your banking needs.
It holds the majority stake in five affiliate banks. SBI is home to more than 155 branches spread across around 30 countries abroad which includes the numerous locations in the US, Canada, and Nigeria.
It is owned by the Reserve Bank of India and owns around 60 percent of the State Bank of India.
Fundamental Analysis of State Bank of India
| Market Cap | ₹ 6,86,437 Cr. |
| Current Price | ₹ 770 |
| 52-wk High | ₹ 777.50 |
| 52-wk Low | ₹ 501.55 |
| Stock P/E | 10.77 |
| Book Value | ₹ 402 |
| Dividend | 1.47 % |
| ROCE | 5.20 % |
| ROE | 16.8 % |
| Face Value | ₹ 1.00 |
| P/B Value | 1.91 |
| OPM | 45.0 % |
| EPS | ₹ 71.5 |
| Debt | ₹ 49,89,687 Cr. |
| Debt to Equity | 13.9 |
State Bank of India (SBI) Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹700 | ₹821 |
| 2025 | ₹825 | ₹864 |
| 2026 | ₹870 | ₹900 |
| 2027 | ₹912 | ₹924 |
| 2028 | ₹935 | ₹954 |
| 2029 | ₹967 | ₹989 |
| 2030 | ₹1000 | ₹1121 |
State Bank of India Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 57.50% |
| Mar 2023 | 57.49% |
| June 2023 | 57.47% |
| Sept 2023 | 57.49% |
| Dec 2023 | 57.49% |
| FII Holding | |
| Dec 2022 | 10.09% |
| Mar 2023 | 9.89% |
| June 2023 | 10.36% |
| Sept 2023 | 10.72% |
| Dec 2023 | 10.91% |
| DII Holding | |
| Dec 2022 | 25.36% |
| Mar 2023 | 25.20% |
| June 2023 | 24.83% |
| Sept 2023 | 24.36% |
| Dec 2023 | 24.15% |
| Govt. Holding | |
| Dec 2022 | 0.03% |
| Mar 2023 | 0.03% |
| June 2023 | 0.03% |
| Sept 2023 | 0.03% |
| Dec 2023 | 0.03% |
| Public Holding | |
| Dec 2022 | 7.03% |
| Mar 2023 | 7.40% |
| June 2023 | 7.30% |
| Sept 2023 | 7.41% |
| Dec 2023 | 7.40% |
State Bank of India Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 253,322 Cr |
| 2020 | ₹ 269,852 Cr |
| 2021 | ₹ 278,115 Cr |
| 2022 | ₹ 289,973 Cr |
| 2023 | ₹ 419,802 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 3,351 Cr |
| 2020 | ₹ 21,140 Cr |
| 2021 | ₹ 23,888 Cr |
| 2022 | ₹ 37,183 Cr |
| 2023 | ₹ 66,109 Cr |
Last 10 Years’ Profit Growth:
| 10 Years: | 12% |
| 5 Years: | 76% |
| 3 Years: | 50% |
| Current Year: | 46% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 8% |
| 5 Years: | 10% |
| 3 Years: | 13% |
| Last Year: | 17% |
Sales Growth Over 10 Years:
| 10 Years: | 8% |
| 5 Years: | 9% |
| 3 Years: | 9% |
| Current Year: | 28% |
Conclusion
This article is a complete guide about State Bank of India Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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