BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Open|| Long (1Y)
Motilal Oswal Maintains Buy On State Bank of India
State Bank of India reported a strong 4QFY21 in a challenging environment. Deposit growth stood strong, led by healthy CASA trends, while loan growth is likely to recover gradually over FY22-23E. Asset quality outlook remains particularly encouraging, with record low slippages and controlled restructuring book. We maintain our buy rating with a revised target price of Rs 530 per share, Motilal Oswal said.