Buy State Bank of India, target price Rs 800: Motilal Oswal
State Bank of India with a target price of Rs 800. The current market price of State Bank of India is Rs 626.
State Bank of India, incorporated in the year 1955, is a banking company (having a market cap of Rs 556181.82 Crore).
State Bank of India 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-2023.
Financials For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 144256.12 Crore, up 9.01 % from last quarter Total Income of Rs 132332.78 Crore and up 25.68 % from last year same quarter Total Income of Rs 114782.48 Crore.
The bank reported net profit after tax of Rs 17196.20 Crore in latest quarter.
Promoter/FII Holdings Promoters held 57.49 per cent stake in the company as of 31-Dec-2023, while FIIs owned 10.91 per cent, DIIs 24.12 per cent.
