By Admin 
Sbi share tumbles: After the strong quarterly results of SBI, the largest bank in the public sector, the stock was seen as soon as the market opened on Monday. The stock jumped up to 2% in early trade. SBI’s stock opened at Rs 807, which closed at Rs 804.55 on the last trading day. After this, it reached Rs 823 in morning deals.
What are the quarterly results of SBI
In the first quarter (April-June) of FY 2025-26, the bank’s net profit increased to Rs 19,160 crore, which was Rs 17,035 crore in the same period a year ago. This was a better performance than the market. Interest income increased by 6%, which was Rs 1,17,996 crore, while it was Rs 1,11,526 crore a year ago. The expenditure on interest payment increased by 9% to Rs 76,923 crore, which was Rs 70,401 crore in the same period last year.
After the strong results, the broking firms have taken a positive attitude towards the stock. Motilal Oswal Financial Services has set a target price of Rs 925 by giving a rating of “purchase” on SBI shares.
What is the advice of brokerage firm?
He says that the bank made a good profit from the Treasury Profit in the quarter and kept the operating cost low. JM Financial has also advised the purchase and has fixed the target price of Rs 950. He believes that loan growth has been 12%, the main reason is the strong increase in international business and home loans. Nuwama has also fixed the target price of Rs 950, keeping a positive attitude towards the stock and on the basis of the results of the bank, the investment in it has been given a better possibility.
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