Profit

Brokerages downgrade SBI stock

PUBLISHED ON: May 18, 2011 | Duration: 2 min, 01 sec

  
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Country's largest lender State Bank of India (SBI), shocked everyone by reporting its lowest quarterly numbers in the past one decade, and now analysts have given a thumbs down to the stock. Deutsche Bank has downgraded the stock to hold from buy, cutting its price target to Rs 2705 per share from Rs. 3225 per share.
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