India's largest bank is the star of Dalal Street hitting a new record high and closing in on Rs 4 lakh crore marketcap and brokerages believe there is still a lot of steam left in the stock.
CLSA who has been bullish on the stock from August believes the 55% rally this year could extend further. The brokerage is reiterating their BUY target with a price target of Rs 650/share which offers a +50% upside from the current levels.
SBI is up 150% from it's one year low of Rs 175/sh and has outperformed other banking peers by 40-70%.