HSBC Maintains Buy Rating on State Bank of India, Cuts Target Price to Rs 1120 Amid Geopolitical Concerns 5 days ago
HSBC has maintained its Buy rating on State Bank of India while cutting the target price from Rs 1250 to Rs 1120, citing concerns over the Middle-East conflict's impact on earnings outlook. The brokerage expects cuts to AUM growth, margins, and EPS, along with emerging liability pressures and potential asset-quality risks. Despite the positive rating on SBI, HSBC prefers private banks over PSU banks and favors NBFCs like Cholamandalam Investment and Finance and Shriram Finance, positioning LIC Housing Finance as a defensive pick.
State Bank of India Records Rs. 66.16 Crore Block Trade on NSE Mar 24, 2026
State Bank of India Records ₹173.11 Crore Block Trade on NSE Mar 24, 2026
More news about State Bank of India
24Mar 26
State Bank of India Records Rs. 85.53 Crore Block Trade on NSE
State Bank of India completed a substantial block trade on NSE worth Rs. 85.53 crores, involving 830,421 shares priced at Rs. 1030.00 each. This transaction reflects active institutional participation and demonstrates the efficient execution of large-volume trades outside regular market hours to minimize price impact.
SBI Projects India's GDP Growth at 7.5% for FY26, Above NSO's 7.4% Estimate
State Bank of India's Economic Research Department projects India's GDP growth at 7.5% for FY26, exceeding NSO's 7.4% and RBI's 7.3% estimates. The forecast includes upward bias and aligns with historical patterns of 20-30 basis points difference between institutional estimates. While fiscal deficit may reach ₹15.85 lakh crore versus budgeted ₹15.69 lakh crore, it will remain at 4.4% of GDP due to lower expenditure and balanced revenue streams.