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HomeSHARE MARKETCountry's Largest Government Bank Share; Don't Sell Now; ₹911 Share Target

Country’s Largest Government Bank Share; Don’t Sell Now; ₹911 Share Target

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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/E10.77
Book Value₹ 402
Dividend1.47 %
ROCE5.20 %
ROE16.8 %
Face Value₹ 1.00
P/B Value1.91
OPM45.0 %
EPS₹ 71.5
Debt₹ 49,89,687 Cr.
Debt to Equity13.9

State Bank of India (SBI) Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹700₹821
2025₹825₹864
2026₹870₹900
2027₹912₹924
2028₹935₹954
2029₹967₹989
2030₹1000₹1121
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State Bank of India Shareholding Pattern

Promoters Holding
Dec 202257.50%
Mar 202357.49%
June 202357.47%
Sept 202357.49%
Dec 202357.49%
FII Holding
Dec 202210.09%
Mar 20239.89%
June 202310.36%
Sept 202310.72%
Dec 202310.91%
DII Holding
Dec 202225.36%
Mar 202325.20%
June 202324.83%
Sept 202324.36%
Dec 202324.15%
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Govt. Holding
Dec 20220.03%
Mar 20230.03%
June 20230.03%
Sept 20230.03%
Dec 20230.03%
Public Holding
Dec 20227.03%
Mar 20237.40%
June 20237.30%
Sept 20237.41%
Dec 20237.40%

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
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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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If you have any further queries, please comment below. We will be happy to answer all your questions. 

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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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