SBI shares: Why some experts are bullish even after 100% return in a year
3 years, 5 months ago

SBI shares: Why some experts are bullish even after 100% return in a year

Live Mint  

SBI share price: The State Bank of India shares have delivered more than 100 per cent return to its share holders in the last one year by jumping from ₹192 to ₹421 — logging 116 per cent rise in this period. However, for the last one month, SBI share have been trading sideways sustaining above the crucial ₹390 support even when the Bank Nifty witnessed bloodbath in the last three successive trade sessions. According to stock market experts, SBI shares would be one of the fast moving stocks once the market gets stablised as the stock is available at an attractive price to book valuations and current account savings account or CASA ratio of 50 per cent. SBI share price prediction Highlighting the fundamentals supportive for the SBI share price rally; Avinash Gorakshkar, Head of Research at Profitmart Securities said, "SBI is one of those stocks that one should have in one's portfolio as it would be one of the fast moving stocks once the market stablises.

History of this topic

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