Kotak Securities has buy call on State Bank of India with a target price of Rs 356. The current market price of State Bank of India is Rs 341.9. 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 305846.44 Crore).
State Bank of India, incorporated in the year 1955, is a banking company (having a market cap of Rs 305846.44 Crore).
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 97182.15 Crore, up 1.90 % from last quarter Total Income of Rs 95373.50 Crore and up 1.88 % from last year same quarter Total Income of Rs 95384.28 Crore. The bank reported net profit after tax of Rs 6257.55 Crore in latest quarter.
Investment Rationale
The stock has reversed from its important retracement area, creating a favourable risk and reward scenario for the counter at the current juncture.
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.
