Time period given by analyst is Intra Day 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 414726.70 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.
Investment Rationale
Breakout above the previous swing high has been registered on the lower and medium term charts.
Promoter/FII Holdings
Promoters held 56.9 per cent stake in the company as of Dec 30, 2020, while FIIs held 10.9 per cent, DIIs 24.8 per cent and public and others 7.4 per cent.
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