BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
Morgan Stanley maintains underweight on SBI
Morgan Stanley has maintained it 'underweight' stance on State Bank of India for target price of Rs 120. It says credit costs will be higher for longer period and bad loan formation will remain elevated in FY17. Morgan Stanley adds that valuation is likely to remain under pressure and it expects single digit ROEs for next three years.