Buy State Bank of India, target price Rs 344: Dharmesh Shah
Dharmesh Shah recommended to keep stoploss at Rs 314.
State Bank of India, incorporated in the year 1955, is a banking company (having a market cap of Rs 290228.37 Crore).
State Bank of India key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 141363.17 Crore to Sales Value (64.11 % of Total Sales), Income From Investment which contributed Rs 70337.62 Crore to Sales Value (31.89 % of Total Sales), Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 6548.53 Crore to Sales Value (2.96 % of Total Sales) and Interest which contributed Rs 2250.00 Crore to Sales Value (1.02 % of Total Sales)for the year ending 31-Mar-2018.
The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs .00 Crore (.00 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs .00 Crore (.00% of total assets). For the quarter ended 30-09-2019, the company has reported a Consolidated Interest Income of Rs 46575.64 Crore, up 3.09 % from last quarter Interest Income of Rs 45177.78 Crore and up 17.98 % from last year same quarter Interest Income of Rs 39475.93 Crore. The bank has reported net profit after tax of Rs 3645.83 Crore in latest quarter.