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.

Current EPS & P/E ratio stood at 153.76 and 18.42 respectively.

With the aim to catch the attention of young clients, SBI would shortly set up a novel division in Hyderabad solely for the youth.

The 'youth division' would provide burgers, coffee and music to its young customers.

Mr. K Shiv Kumar, SBI, Deputy Managing Director stated that the banking institution is settling locality for the new bank and it will be established by the next three months.

Mr. Kumar also said that the first of its kind youth division will be established in other states also based on the response that comes from the planned branch.

As per reports, approx 2.5 lakh staff of the bank will go on two-day strike from today in protest of novel pension plan and calling for redressal of wage linked matters, General Secretary of All India State Bank Officers Federation said.