SBI share gets 'Buy' rating, the target price is Rs 430 and stop-loss at Rs 330
According to Sharekhan, recovery trends indicate a gradual but sustained pickup in economic activity, and SBI, by virtue of being the largest bank, with strong business strengths (market maker in terms of deposit rates; margins protected) is attractively placed. Moreover, the bank’ strong asset-quality position indicates better profitability in the medium term, which will help reflate NII and earnings
As the economy is expected to revert to strong growth in FY2022E and beyond, banks and industry leaders such as SBI are well placed to capitalise on the opportunity: Reuters