SBI Share Price (Pic: ANI)
SBI Share Price Soar Nearly 7% to Record Heights
The shares of State Bank of India experienced a price increase of 7 percent on February 9, reaching a new 52-week peak of ₹1,137. The stock price rise occurred after SBI reported outstanding Q3 results that exceeded market predictions, resulting in positive reactions from traders and analysts. The banking giant displayed its financial strength through a net profit increase of 24 percent, reaching ₹21,028 crore, and a net interest income growth of 9 percent. Investors showed positive sentiment due to strong loan growth, improved asset quality, and reduced provisions. SBI’s stellar results made it the top gainer on the Sensex, demonstrating why India’s largest lender remains a favorite among investors.
Net profit: ₹21,028.15 crore, up 24.49% YoY from ₹16,891.44 crore in Q3 FY25.
Net Interest Income (NII): ₹45,190 crore, up 9% YoY.
Gross NPA ratio improved to 1.57%, net NPA declined to 0.39%.
Provisions fell to ₹4,506 crore from ₹5,400 crore in Q2 FY26.
The stock price of SBI experienced an increase that exceeded normal market movements. On February 9, shares of India’s largest lender rose nearly 7%, bringing their value to a new 52-week peak of ₹1,137. Investors celebrated this surge due to the company’s exceptional Q3 FY26 results. The company’s net profit reached ₹21,028 crore, representing a 24.5% year-on-year increase, while net interest income rose 9% to ₹45,190 crore.
The bank experienced faster loan growth compared to private banks, while its asset quality improved, with a gross NPA of 1.57% and a net NPA of 0.39%. Provisions were reduced to ₹4,506 crore, creating a stronger financial position and enhancing market confidence.
SBI led intraday trading gains on the Sensex, reaching ₹1,136.85, its largest daily increase since June 2024. Over the past year, the stock price has risen 53.5%.
Investors now face a decision: actively participate in SBI’s banking momentum or watch from the sidelines.
Nomura: ‘Buy’, target ₹1,235 (16% upside)
CLSA: ‘Outperform’, target ₹1,275 (20% upside)
CITI: ‘Buy’, target ₹1,265
Bernstein: ‘Market Perform’, target ₹1,100
Nuvama: ‘Buy’, target ₹1,250
Jefferies: ‘Buy’, target ₹1,300
UBS: ‘Neutral’, target ₹1,120
(With Inputs)
Aishwarya is a journalism graduate with over three years of experience thriving in the buzzing corporate media world. She’s got a knack for decoding business news, tracking the twists and turns of the stock market, covering the masala of the entertainment world, and sometimes her stories come with just the right sprinkle of political commentary. She has worked with several organizations, interned at ZEE and gained professional skills at TV9 and News24, And now is learning and writing at NewsX, she’s no stranger to the newsroom hustle. Her storytelling style is fast-paced, creative, and perfectly tailored to connect with both the platform and its audience. Moto: Approaching every story from the reader’s point of view, backing up her insights with solid facts.
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