SBI

Short Term Buy Call For SBI

Bangladesh World Cup team gets new sponsorsTechnical analyst Prakash Gaba has maintained 'buy' rating on State Bank of India stock with a short term target of Rs 2670.

The analyst added that the investors can buy the stock with a stop loss of Rs 2560.

The stock of the company, on January 11, closed at Rs 2611.80 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 3515 and a low of Rs 1890 on BSE.

Current EPS & P/E ratio stood at 153.76 and 17.11 respectively.

NRI deposit rates increased

India’s biggest state owned lender State Bank of India and other public sector undertakings in the banking business like Union Bank of India and Bank of India have gone in for a revision of interest rates.

The interest rates that have been re-jigged are basically for the non-residents deposits. Leaving only those who have a maturity of less than two years, under these deposits rates have been increased across the board.

All these lenders in separate statements to the press have also conveyed that these revised rates will be applicable from today and have been implied on both Rupee as well as foreign currency deposits.

Long Term Buy Call For SBI

Long Term Buy Call For SBITechnical analyst Sanjay Surekha has maintained 'buy' rating on State Bank Of India Limited (SBI) stock with a long term target that lies between Rs 2950-3000.

The stock can be bought with a stop loss of Rs 2650.

The stock of the company, on December 29, closed at Rs 2752.80 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 3515 and a low of Rs 1890 on BSE.

Current EPS & P/E ratio stood at 153.76 and 17.92 respectively.

Sell SBI With Target Of Rs 2400

Sell SBI With Target Of Rs 2400Technical analyst A. K Prabhakar of Anand Rathi has maintained 'sell' rating on State Bank of India Limited stock with a target of Rs 2400.

Mr. Prabhakar added that it is better to sell SBI stock at this time as there are chances of downfall in the coming days.

The interested investors can enter the stock again on declines to reap gains in the medium and long term, he added.

Today, the stock of the bank opened at Rs 2783.50 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 3515 and a low of Rs 1890 on BSE.

Hold SBI With Stop Loss Of Rs 2780

Hold SBI With Stop Loss Of Rs 2780Technical analyst Salil Sharma has maintained 'buy' rating on State Bank of India (SBI) stock with a stop loss of Rs 2780.

According to analyst, the invetsors can exit the stock on any rally.

Today, the stock of the bank opened at Rs 2850 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 3515 and a low of Rs 1890 on BSE.

Current EPS & P/E ratio stood at 153.76 and 18.27 respectively.

Hold SBI With Stop Loss Of Rs 2730

Hold SBI With Stop Loss Of Rs 2730Technical analyst Pradeep Surekha has maintained 'hold' rating on State Bank of India stock with a possible target of Rs 3000-3020.

According to analyst, the investors can hold the stock with a stop loss of Rs 2730.

Mr. Surekha also said that the investors not interested in holding the stock can sell it at the existing level.

The stock of the bank, on November 24, closed at Rs 2854.10 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 3515 and a low of Rs 1890 on BSE.

Sell SBI With Stop Loss Of Rs 3170

Sell SBI With Stop Loss Of Rs 3170Stock market Rahul Mohinder has maintained 'buy' rating on State Bank of India (SBI) stock with a target of Rs 2980-2960.

According to Mr. Mohinder, the stock can be sold with a stop loss of Rs 3170.

Analyst also said that it is better to sell stock in today's trading session as there are full chances of decline in the coming days.

Today, the stock of the company opened at Rs 3097 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 3515 and a low of Rs 1890 on BSE.

Sell SBI With Stop Loss Of Rs 3460

Sell SBI With Stop Loss Of Rs 3460Technical analyst Anil Singhvi has maintained 'sell' rating on State Bank of India (SBI) stock with an intraday target of Rs 3300.

According to Singhvi, the interested investors can sell the stock with stop loss of Rs 3460.

The stock of the company, on Nov 05, closed at Rs 3353.90 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 3515 and a low of Rs 1890 on BSE.

Current EPS & P/E ratio stood at 153.76 and 21.37 respectively.

SBI hikes the base rate

SBIThe State Bank of India (SBI), the major lender in the nation, publicized an increase in its loan rates.

The base rates, which rolled up into effect by July 1, 2010, by 0.1 % to 8.6 % and the benchmark prime lending rate (BPLR) by 0.25 % to 12.5 % on Wednesday. The fresh new rates shall be implemented from Thursday.

The BPLR increased by SBI is probably to influence the equated monthly installments (EMIs) of the current home and auto loan borrowers by Rs 16 per lakh for almost 20year loan.

Subscribed over 17 times, SBI bond issue

Subscribed over 17 times, SBI bond issueThe State Bank of India's leading retail bond subject of Rs 1,000 crore was assured by 17 times on Monday (the opening day). The subject matter should be shutting down on October 25. The bond shall get selected on first-come first-serve method. Ever since it was oversubscribed on the first day, individuals applying on the 2nd or 3rd day should be having no option to manage the bond.

Ten-Year Bond Yield reaches a new high!

Ten-Year Bond Yield reaches a new highThe 10-year bond yield in the country has reached a new level in the past five years recently.

It is to be mentioned here that the rise in the yield is the result of the speculation that investors are expected to pare their holding after the inflation level accelerated unexpectedly.

For the record, the level of the yield has reached the highest level since the time of April as banks have borrowed an estimated sum of close to 756 billion rupees each day from the central bank’s repurchase auction during the last entire week.

Buy SBI With Stop Loss Of Rs 3232

Buy SBI With Stop Loss Of Rs 3232Sushil Finance is bullish on State Bank of India and has recommended 'buy' rating on the stock with a target of Rs 3260 in its latest research report.

According to Sushil Finance, the interested investors can buy the stock above Rs 3240 with a stop loss of Rs 3232.

The stock of the banking institution, on Oct 07, closed at Rs 3216.65 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 3299 and a low of Rs 1890 on BSE.

Current EPS & P/E ratio stood at 153.57 and 21.20 respectively.

Centre seeks more details on SBI rights issue

Centre seeks more details on SBI rights issueOn Wednesday the State Bank of India said that the finance ministry at the center had asked for more and clear details on the proposed Rs. 20,000 right issue of the bank. The chairman of the banking group said that the finance ministry came to him for some more information on the right issue.

Earlier in this month the chief of SBI had met the Financial Services Secretary R. Gopalan to discuss over the proposed right issue.

Bonds beforehand SBI rights

Bonds beforehand SBI rightsThe State Bank of India is setting up to milk the retail bond souk prior to its rights issue in the month of January-March quarter of the recent financial year. The nation’s biggest lender wishes to lift up Rs 1,000 crore via bonds to prop up its liability capital. For the retail investors this will be the initial bond issue by a bank.

SBI aiming to raise capital for its subsidiaries

SBI aiming to raise capital for its subsidiaries Perhaps the government of India has decided to endorse the decision of SBI which aims to set up a financial holding company in the country. It is to be mentioned here that the holding company of the bank will help SBI to raise capital and the money will be then used to expand the business of the subsidiaries.

According a board member working with the state-run banking giant, the model of the holding company will help SBI to raise capital for expanding the business activities of its subsidiaries.

Long Term Buy Call For SBI

Long Term Buy Call For SBIStock market analyst Sudhanshu Pandey has maintained 'buy' rating on State Bank of India Limited (SBI) stock with a target of Rs 3450.

The strict stop loss for the stock is Rs 3040.

The stock of the company, on Sep 22, closed at Rs 3147.75 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 3175 and a low of Rs 1863 on BSE.

The country's largest banking institution has opened an exclusive branch for corporate salary accounts at the DLF Cyber Centre at Gachibowli, here - its first in the state.

Apex bank not to change its stand

Apex bank not to change its stand While the new monetary review is awaited with deep breath, one can clearly see that the Reserve Bank of India, has not made much of a change when it comes to changing of key policy rates.

Its course of action regarding the same has been more or less the same and normalization of the interest-rates does not seem to be its priority as of now.

The review is going to come on September 16 and during this time it will consider whether the rates should change or follow the same course of action. If the rates are raised then it will for the fifth time this year.

Long Term Buy Call For SBI

Long Term Buy Call For SBIStock market analyst Prakash Gaba has maintained 'buy' rating on State Bank of India Ltd stock with a target of Rs 3400.

The strict stop loss for the stock is Rs 3000.

Today, the stock of the company opened at Rs 2998 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 2999.95 and a low of Rs 1883 on BSE.

Current EPS & P/E ratio stood at 153.57 and 20.27 respectively.

The State Bank of India (SBI) will establish a coin vending machine at its division in Bistpur soon as Jharkhand's Kolham arm was confronting coin shortage.

SBI and HDFC tussle in home loan segment continues

SBI and HDFC tussle in home loan segment continuesTwo of the biggest banks in the country are trying their level best to ouster the other in the home loan market. HDFC and SBI are doing every bit to attract the customers and there is no sign of the end of this tussle.

Within a week of the expiry of its teaser home loan scheme, HDFC has re-launched the same but with a slight high rate. And now it is expected that SBI will also be extending its teaser scheme. It was earlier to expire on September 30.

SBI opens branch for HNIs

SBI opens branch for HNIsStaying true to its tag-line, 'Banker to every Indian', State Bank of India has undertaken the target to attract High Networth Individuals (HNIs).

A new facility of the bank that was inaugurated recently aims at opening savings account with a minimum balance of Rs. one crore. Moreover, an individual can open such an account on invitation only.




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