SBI Share Price (Pic: ANI)
SBI Share Price Reaches All-Time High: Surprise, surprise, dear investors!
Did you ever expect that the slowest bank will win the race? So, now you can have a look how SBI shares keep going up!
On the last Wednesday of the month, November 26th, the State Bank of India reached an all-time high of ₹999 per share, just a step away from that wonderful and unexpected ₹1,000 mark. It’s like experiencing the thrilling climax a movie you hoped an happy end?
Now, this is not just numbers on the display, it is backed by strong fundamentals, increasing loan books, and better quality assets. Stay alert and have your trading screens on, if the momentum remains, SBI may create history and go over ₹1,000.
Are you set to be part of this bull run with the bank?
| Category | Details |
|---|---|
| Net Profit | ₹20,160 crore, up 10% YoY |
| Net Interest Income (NII) | ₹1,19,654 crore, up from ₹1,13,871 crore YoY |
| Net Interest Margin (NIM) | Contracted 18 bps YoY, expanded 7 bps QoQ to 3.09% |
| Gross NPA | Declined to 1.73% from 2.13% |
| Net NPA | Declined to 0.42% from 0.53% |
An amazing market capitalisation increase has been seen by the State Bank of India (SBI), crossing the ₹9 lakh crore mark and reaching ₹9.22 lakh crore. This increase in value places SBI third after Reliance Industries and Tata Group, and it has already come close to the ₹9.80 lakh crore valuation of ICICI Bank. If the uptrend carries on, it will not be long before SBI overtakes ICICI Bank in terms of ranking.
On the contrary, HDFC Bank still retains its position as the highest-valued bank in India, with a market cap of ₹15.4 lakh crore. Investors are keenly observing the ascent of SBI on the valuation ladder, which is why it is considered a thrilling stock to follow.
According to experts and media releases, SBI has broken out of a flat base at ₹838 and is eyeing a target of ₹1,050.
Spot a dip toward the 20-day EMA near ₹955?
That could be your buying sweet spot! But remember, momentum indicators are stretched, so keep your wits about you and manage those positions wisely.
Also Read: HDFC AMC Share Price Halved? 1:1 Bonus Issue Explained and What It Means for Investors
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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