SBI Bank Share: Target Prices and Investment Strategies

SBI Bank Share: Hello visitors, welcome to our Yono Informer website. Today we will tell you about the banking sector stock. We are talking about India’s largest public bank State Bank of India SBI Share Price Target 2024, 2025, 2026, 2030, 2035 & 2040. I am going to give all the important information related to it. If you are thinking of investing in SBI Bank share, then you should have all the information related to SBI Bank. Today we are providing you this information through this article.

SBI shares are generally considered to be stable and long-term investments, as the bank is based on government support and strong financial base. Furthermore, SBI offers a variety of banking services such as retail banking, corporate banking, and international banking, giving it a diverse and wide financial network.

Table of Contents

• Company Description
• Technical Analysis Report of SBI Bank Share
• Volume trends of SBI Bank Share
• Financial Analysis Report of SBI Bank Share
• Share Holding Pattern
• SBI Bank Share Target Year Wise
• Team Conclusion
• Note
• FAQs

Company Description

State Bank of India, incorporated in the year 1955, is a banking company (Market Cap – Rs 727891.39 Crore). For the quarter ending 30-06-2024, the Bank reported Consolidated Interest Income of Rs 152125.05 Crore, down -7.76 % from last quarter Interest Income – Rs 164914.36 Crore and up 14.96 % from last year same quarter Interest Income – Rs. From Rs 132332.78 crore. The bank reported net profit after tax of Rs 19324.96 crore in the latest quarter.

State Bank of India (SBI) shares are part of one of the largest and oldest banking institutions in India. SBI, which is the largest public sector bank, has gained popularity among investors due to its stability and reliability. Its shares are listed on Indian stock exchanges such as NSE and BSE.

Technical Analysis Report of SBI Bank Share

As of the latest analysis, State Bank of India (SBI) shares exhibit a bullish trend in the short to medium term. The stock recently broke above a key resistance level at ₹815, suggesting potential for further gains. The Relative Strength Index (RSI) is currently at 65, indicating that the stock is approaching overbought conditions but still has room for upward movement.

Moving Average Convergence Divergence (MACD)

The Moving Average Convergence Divergence (MACD) line has crossed above the signal line, confirming a positive momentum shift. The 50-day moving average (MA) is positioned above the 200-day MA, signaling a bullish long-term outlook.

Support & Resistance Level

Support levels are seen around ₹800 and ₹816, while resistance is likely to be encountered at ₹825 and ₹855. A break above ₹855 could trigger a new upward trajectory. However, investors should monitor for any bearish signals such as a decline below the ₹765 support level, which might suggest a trend reversal or consolidation phase.

Volume trends of SBI Bank Share

Volume trends have been increasing, reflecting strong buying interest. Overall, SBI shares are currently in a favorable technical setup, with bullish indicators prevailing. It’s essential to stay updated with broader market trends and any company-specific news that might impact the stock’s performance.

Financial Analysis Report of SBI Bank Share

To provide information on the financial report for State Bank of India, I would typically refer to the most recent quarterly or annual report released by the bank. These reports include detailed financial statements, performance metrics, and management discussions.

Here’s a general outline of what you would expect to find in a typical financial report for SBI Bank Share:

Income Statement & Fundamental View

• Revenue: Includes interest income, fee-based income, and other income.
• Expenses: Includes interest expense, operating expenses, provisions for bad loans, and other expenses.
• Net Profit/Loss: The difference between total income and total expenses.

Balance Sheet

• Assets: Includes cash and cash equivalents, loans and advances, investments, fixed assets, and other assets.
• Liabilities: Includes deposits, borrowings, and other liabilities.
• Equity: Share capital, reserves, and retained earnings.

Cash Flow Statement

• Operating Activities: Cash flows from core banking operations.
• Investing Activities: Cash flows related to investments in assets or securities.
• Financing Activities: Cash flows from borrowing or repaying debts, issuing or buying back stock.

Share Holding Pattern

It is very important for investment in any company because low holding of promoters is not good. So, here you will see the share holding ratios in this stock.

For the most accurate and up-to-date information, I recommend checking the latest financial statements and investor relations materials available on the official SBI website or financial news platforms. If you need specific numbers or details from the latest report, those sources will provide the most precise data.

SBI Bank Share Target Year Wise

Now you will see the yearly target of State Bank of India from 2024 to 2040 and keep in mind it is not a fix target because it will depend on market condition.

Team Conclusion

State Bank of India (SBI) shares offer a strong investment opportunity due to the bank’s main market position, healthy financial strength, and stable performance. SBI’s diverse revenue streams, extensive branch network, and government backing provide stability and growth potential.

Recent financial results show a solid capital base and improving asset quality. While the stock may experience short-term volatility due to macroeconomic factors, its long-term prospects are favorable for investors seeking reliable returns and dividend income. However, investors should stay informed about market conditions and regulatory changes that could impact performance.

Note For SBI Bank Share

We are not a financial advisor registered by SEBI, hence before investing in SBI Bank Share, please think once and invest as per your own risk. The stock market is full of risks in which your entire capital can become zero. You must consult your financial advisor before investing.

FAQs