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Buy SBI, target Rs 301: Siddharth Bhamre

Buy State Bank of India at a price target of Rs 301.0 and a stop loss at Rs 281.0 from entry point

Updated: May 02, 2017, 09.01 AM IST
Independent analyst Siddharth Bhamre has a buy call on State Bank of India with a target price of Rs 301.The current market price of State Bank of India is 289.45 Time period given by analyst is Intra Day when State Bank of India price can reach defined target. Siddharth Bhamre recommended to keep stop loss at Rs 281.0 .

State Bank of India, incorporated in the year 1955, is a banking company with a market cap of ₹ 230793.09 crore. State Bank of India key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed ₹ 115666.01 Cr to Sales Value (70.66 % of Total Sales), Income From Investment which contributed ₹ 42303.98 Cr to Sales Value (25.84 % of Total Sales), Interest which contributed ₹ 5094.25 Cr to Sales Value (3.11 % of Total Sales) and Interest On Balances with RBI and Other Inter-Bank Funds which contributed ₹ 621.07 Cr to Sales Value (0.37 % of Total Sales)for the year ending 31-Mar-2016.

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