Technical 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.

India's biggest lender, State Bank of India (SBI) on Dec 06 lifted depository rates by around 150 basis points (1.5%) across a range of maturities.

This move will offer up good returns to people having fixed deposits in the bank.

The fresh depository rates came into effect from Dec 07.

The bank recorded a consolidated net profit after minority interest of Rs 23,639.50 million for the three month period ended Sep 2010 as against Rs 30,509.90 million during the same period of 2009.

Bank's total income stood at Rs 379,254.40 million for the quarter under review as compared to Rs 331,016.50 million for the corresponding period of last year.