SBI is India’s one of the largest banks. SBI Bank is India’s largest PSU bank owned by the Indian government. The stock has given a few percent return as of 28 August 2023 from the last 2-3 years. Most experts and analysts recommend buying bank stocks. It indicates that the SBI share price target will touch a new high very soon.
Not only SBI bank most of the banks will give returns in the future. High returns can be expected in the PSU bank stock but private sector banks will also give returns too. In the last few years, most of the PSU and private sector banks have almost given 0% return.
The PE ratio of all the banks is very low which is below 30. In the future, when the PE starts increasing, the bank’s stock prices will also increase very rapidly. Many low-cap and mid-cap banks have very high potential to give a return of more than 100% in the next few years.
Related Posts:
- Motherson Sumi share price target 2023, 2024, and 2025
- Jio Financial share price target 2023, 2024, and 2025
- Paytm share price target 2023, 2024, and 2025
About SBI
SBI (State Bank of India) is one of the largest PSU banks in India. The bank was founded in 1955 and as of now its current managing director is Shri. Challa Shetty. It is a government-owned bank.
SBI is involved in the business of banking and finance. The bank provides many types of services like savings accounts, current accounts, home loans, personal loans, loans against property, gold loans, education loans, business loans, investments, debit & credit cards, and many more services and products a bank provides.
To know more in detail about their services and products you can visit their official website.
Company Fundamentals
From the fundamentals, you can know about the company in detail like the strength of the company, the right value of the company, the position of company among the all companies of the same sector, financial statements, growth of the company, and many more.
Most probably you are a retail investor, It is highly recommended to do a fundamental analysis by yourself of the stocks in which you are investing or already invested. In case, you know how to do a fundamental analysis of companies you can learn it from the Internet.
Note: The fundamentals of the SBI (State Bank of India) were last updated on 28 August 2023. Check the latest information on any broker website or screener.
Revenue Growth (Last 5 Years)
| Year | Revenues (In Crores) |
|---|---|
| March 2019 | 279,643.54 |
| March 2020 | 302.545.07 |
| March 2021 | 308,647.01 |
| March 2022 | 316,021.20 |
| March 2023 | 368,718.66 |
Quarterly Results (Last 5 Years)
| Quarter | Total Income (In Rs. Cr.) |
|---|---|
| Jun 2022 | 94,524 |
| Sep 2022 | 1,14,782 |
| Dec 2022 | 1,27,219 |
| Mar 2023 | 1,36,852 |
| Jun 2023 | 1,32,333 |
Company Essentials
| Title | Value |
|---|---|
| MARKET CAP | Rs. 5,10,978.64 Cr |
| CASA | Rs. 42.67 |
| NO. OF SHARES | 892.46 |
| P/E | 8.37 |
| P/B | 1.61 |
| FACE VALUE | Rs. 1 |
| DIV. YIELD | 1.98 % |
| BOOK VALUE (TTM) | Rs. 354.85 |
| NET INTEREST INCOME | Rs. 1,44,840.50 Cr. |
| COST TO INCOME % | Rs. 53.87 Cr. |
| EPS (TTM) | Rs. 68.40 |
| CAR % | 14.68 % |
| ROE | 18.05 % |
| ROCE | 12.06 % |
| PROFIT GROWTH | 58.58 % |
Shareholding Pattern
| Held By | Holding % |
|---|---|
| FII | 10.36 % |
| DII | 24.86 % |
| Public | 7.3 % |
| Promoters | 57.47 % |
| Other Holders | 0.0 % |
Thumb Rules for Investing
Just by doing fundamental analysis, anyone cannot book maximum returns on the stocks. Based on the investors’ experiences a few basic rules become the rules for investing. In short, most retail investors or newbie investors make the below mistake as a result they do not get the maximum return on their investing.
These rules apply to the maximum sectors’ stocks. If you are new in the market or don’t have enough knowledge you should follow the directions to make your self psychology strong.
Rule #1: Do not invest all the money in one sector’s stocks. No matter what is the future of the sector. In case you invested all the money in one sector, if the sector faces any issue, you’ll be in a huge loss.
Rule #2: Invest a maximum of 5% – 6% of the total money in any stock. Suppose you have Rs. 1 Lakh the invest only 5000 – 6000 in any stock. This rule is applicable when you are retail, and can not track all the stocks.
Rule #3: Invest in a maximum of 2-3 stocks of a sector. When any sector faces problems then other sectors’ stock will save you from huge losses.
Rule #4: Invest in stock when the stock the available at a 10% low from its 52-week high. Some people invest in stocks at high, and as a result, they do not get good returns on their investments.
Rule #5: Invest in stocks for at least 5 – 7 years to get very high returns. Keep booking the profit from time to time.
Rule #6: Keep averaging the stock if everything is right in the company and the stock is available at a high discount due to any market crash.
Rule #7: Before Investing in any stock make sure you check its fundamental and related news. It will help you to stay away from the stock which can give you huge losses.
SBI Share Price Target
There are only a few processes in the SBI financial i.e. ROA is a very low and high cost-to-income ratio. In the future, these can be easily managed and other financials of the stock will be good.
According to many experts, the low-cap and mid-cap PSU banks have huge potential to give return, Many PSU banks can give up to 50-70% return on their investments from now.
Hope you know investing in the low cap banks can be very risky because their stocks are very volatile. So, if you invested then you should have a target to book profit at a level.
The PE ratio of most of the banks is very low including private and PSU banks too. In the future, the PE ratio will start going up. then the stock price of the banks will also start going up.
Disclaimer: We are not SEBI registered. The post is only for educational purposes not for any investing advice. Do your own analysis or ask your financial advisor before investing. We will not be responsible for any loss or profit.
SBI share price target 2023
In the last few months, SBI stock almost touched its all-time from but it has not sustained and started falling. Now the stock is consolation from the last few weeks and making DOJI candles multiple times.
The Doji candle indicated that the stock price can go anywhere upside or downside. In a few words, it is a candle that does not give any signal of price up and down.
If the resistance of 557 is broken then we can see a downfall in the SBI stock in the short term. So, keep the stock and levels on your radar and keep tracking it for a good opportunity.
SBI share price target 2024 & 2025
Mostly investors and analysts recommend the SBI stock to buy. There are very high chance that in the year 2024, the PE ratio of the SBI and other PSU banks will start recovering. With the increase in the PE ratio with stock price will also increase.
When the SBI stock breaks its all-time high and sustains above the all-time high, there is a high chance that the stock will give a good return. In 2024, you can see the target of near Rs. 650 – 660 if the SBI stock breaks its all-time high.
The given target by the analyst can be also achieved in 2025. So, keep tracking the SBI stock and other PSU banks for good returns.
FAQs
As of 28 August 2023, the stock is trading near Rs. 573 which approx 10% lower than the SBI’s all-time high. Investing in any stock that is fundamentally good and trading at least 10 – 15% low from its all-time high can be good. Investing through SIP can also help to manage risk.
As the PE ratio of all the PSU and private sector banks is very low and these stocks are also not given any returns in the last few years. According to many experts and analysts, all the banking stocks will give good returns in the next few years. Avoid low-cap bank stock to reduce risk.
In short, yes SBI share is very good for the long term as the stock is very stable and one of the largest banks in India. In large-cap stocks, there are limited returns but the risk is also very low.
Final Words: SBI (State Bank of India) is one of the largest banks in India. In the last few years, the has not given any good returns due to many factors. The PE of the many bans becomes very low and according to many experts when the PE of the stocks will increase the stock prices will also increase. In short, we can see a good SBI share price target in the future.