St Bk of India: Performance On-Track with Strong Visibility; Maintain BUY
We maintain a BUY on the stock with a revised target price of Rs 720/share (SOTP basis core book at 1.3x FY24E and subsidiaries at Rs 211).
176 Views
PPOP conversion to PAT gaining traction; asset quality resilient
SBIN has demonstrated a strong improvement in asset quality, with GNPAs declining by 43% over the past three years, while PCR increased to 68%...
137 Views
State Bank of India: Stable Performance in Challenging Times
We believe normalization in credit costs and improved growth outlook should lead to double-digit ROEs of 13-15% by FY22-23E. We maintain Buy on the...
259 Views