BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
HDFC Securities Initiates Coverage On SBI With 'Buy' Rating
According to HDFC Securities, SBI appears to be almost immune to any liability-side risks at this juncture, given its expansive and granular deposit base, and the government's majority holding. SBI is better placed to curtail asset quality worries than many other large banks because of its quality of loan book, says the brokerage, which recommends buying the lender's shares at the current market price and adding on dips at Rs 152-157 levels.