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SBI's share will cross Rs 670, if you buy it now, there will be tremendous benefit

Categories: DAILY NEWS

                        The country's largest bank SBI (State Bank of India) is continuously strengthening its balance sheet and its return ratio is also improving. Because of this, the share price of the bank is going to cross Rs 670. This estimate has been made by brokerage house Motilal Oswal. Motilal Oswal has given a buy rating for SBI in a note keeping the target price of Rs 675. This means that it has been advised to buy. This indicates a potential increase of about 40 per cent from the current level. Let us tell you that the shares of SBI have gained about 37 per cent in a period of one year, while in 2022 so far it has registered a rise of more than 4 per cent.

                       At present, the share price is close to Rs 490 on the BSE index. There is an increase of up to 0.40 percent compared to a day earlier. Based on the current price, profit of up to Rs 185 can be made. Talking about the market capital, it is Rs 4,36,279.63 crore.The focus of the bank management has been on building a strong loan portfolio, which has led to a steady change in operating performance. Asset quality has improved in the last few quarters. Better underwriting and recovery has been seen.


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