BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Morgan Stanley downgrades State Bank of India to underweight
The brokerage says the stock seems overvalued at 1.4 times its book value. The stock is pricing in a ROE expansion, which is unlikely, adds Morgan Stanley.