Buy State Bank of India, target price Rs 1,000: ICICI Securities

economictimes.indiatimes.com:

buy call on State Bank of India with a target price of Rs 1,000. The current market price of State Bank of India is Rs 849.5. State Bank of India, incorporated in 1955, has a market cap of Rs 756495.42 crore.
State Bank of India's key products/revenue segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2024.

Financials For the quarter ended 30-09-2024, the company has reported a Consolidated Total Income of Rs 163802.38 crore, up 7.68% from last quarter Total Income of Rs 152125.05 crore and up 13.55% from last year same quarter's Total Income of Rs 144256.12 crore. The bank has reported net profit after tax of Rs 19782.76 crore in the latest quarter.
Investment Rationale

• Stock Trading

  Commodity Markets Made Easy: Commodity Trading Course

  By — elearnmarkets, Financial Education by StockEdge

• Stock Trading

  Technical Analysis Demystified: A Complete Guide to Trading

  By — Kunal Patel, Options Trader, Instructor

• Stock Trading

  Macroeconomics Made Easy: Online Certification Course

  By — Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant

• Stock Trading

  Options Trading Course For Beginners

  By — Chetan Panchamia, Options Trader

• Stock Trading

  Technical Analysis Made Easy: Online Certification Course

  By — Souradeep Dey, Equity and Commodity Trader, Trainer

• Stock Trading

  ROC Made Easy: Master Course for ROC Stock Indicator

  By — Souradeep Dey, Equity and Commodity Trader, Trainer

• Stock Trading

  Candl