Top Stocks Today : IIFL Securities has Buy call on State Bank Of India - April 25

IIFL Securities has issued a "buy" recommendation for State Bank of India (SBI) with a target price of Rs 812, indicating an upside potential of around 2.26% from the current market price of Rs 793.95. The brokerage firm believes that SBI's strong fundamentals, including a healthy loan portfolio, diversified revenue streams, and a vast branch network, position it well for growth in the long term.

About State Bank Of India:

State Bank of India (SBI) is India's largest commercial bank with over 24,000 branches and 62,000 ATMs across the country. It offers a wide range of banking products and services to individuals, businesses, and government agencies. SBI is headquartered in Mumbai and has a presence in 36 countries. The bank's stock is listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

52 Week Price Trend:

At its current market price of Rs 793.95, State Bank of India (SBI) is trading significantly higher than its 52-week low of Rs 501.55. However, it has yet to reach its 52-week high of Rs 777.5. This indicates that while SBI has experienced growth in recent months, there is still potential for further gains. Investors considering investing in SBI should carefully evaluate the company's financial performance, market conditions, and overall economic outlook before making a decision.

Stratzy's MOST Analysis:

Stratzy's MOST framework assigns SBIN an AAA rating, indicating that SBIN has strong fundamentals and low risk. This rating is based on its solid management team, positive outlook for the future, financial safety, and consistent trend in performance. The AAA rating suggests that SBIN is a stable and reliable investment option, with low fundamental risks and a positive long-term outlook.

Company's Fundamentals:

State Bank of India (NSE: SBIN) is a prominent bank in India with a stock PE (price-to-earnings) ratio of 9.84, indicating that its share price is 9.84 times its earnings per share. The PB ratio (price-to-book) of 1.89 suggests that the market value of the company's equity is 1.89 times its book value, representing potential overvaluation. The dividend yield of 1.49% indicates that investors receive an annual dividend of 1.49% based on the current share price, providing a modest income stream. These metrics provide insights into SBIN's valuation, profitability, and dividend payout, helping investors make informed investment decisions.

Fundamental and Technical information provided in this blog were last updated on 25 Apr, 2024

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