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SBI Share Price: The stock priced of State Bank of India rose over 6 per cent on Monday (Feb 9) days after the public sector lender reported strong Q3 results for financial year FY26. Leading brokeraged Motilal Oswal and Bernstein have reviewed the bank stock and set target price for the same.
SBI Share Price Today BSE
On BSE, the stock touched its day's high of Rs 1136.85, which is a rise of over 6.61 per cent from its previous closing of Rs 1066.40 on Friday .
SBI Share Price Target
Motilal Oswal has maintained Buy rating with target price of Rs 1300 vs Rs 1100.
Highlights from the management commentary
- SBIN revised its credit growth guidance for 4QFY26 to 13-15% from 12-14%.
- Labor code Impact: ~INR0.16b related to gratuity.
- Corporate book saw traction, up 13% YoY. SBIN had earlier guided for doubledigit credit growth in corporate segments and maintains the same for 4Q.
- Cost of funds: The focus is expected to remain on retail deposits and less on wholesale deposits. It expects CoF to remain at the current levels in 4Q. SBIN would wait for credit growth to play out before providing further guidance. It maintains capital buffers and adequate liquidity to support credit growth.
- Out of total book,~50% of the loan book consists of MCLR-linked and fixed-rate loans, with the latter pertaining to EBLR and other benchmarks. Overall, 45-48% of the book is linked to floating rates.
Brokerage Bernstein stays neutral on State Bank of India with Market-Perform rating and target price at Rs 1,100.
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