State Bank of India share price: Buy State Bank of India, target price Rs 540: ICICI Direct

ICICI Direct has buy call on with a target price of Rs 540. The current market price of State Bank of India is Rs 455.45.

Time period given by analyst is one year when State Bank of India price can reach defined target.

State Bank of India, incorporated in the year 1955, is a banking company (having a market cap of Rs 403080.08 Crore).



State Bank of India key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2021.

Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 93266.94 Crore, down -9.83 % from last quarter Total Income of Rs 103430.64 Crore and up 6.00 % from last year same quarter Total Income of Rs 87984.33 Crore. The bank reported net profit after tax of Rs 7379.91 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 56.9 per cent stake in the company as of June 30, 2021, while FIIs held 11.4 per cent, DIIs 24 per cent and public and others 7.6 per cent.

(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.

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