Stock Spotlight: Brokerages bet big on SBI; see over 50% upside | Editorji
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Stock Spotlight: Brokerages bet big on SBI; see over 50% upside

May 24, 2021 12:49 IST | By Editorji News Desk

An 80% profit jump and strong asset quality has the street very impressed with State Bank of India. Brokerages across the board remain bullish raising their price target for India's largest bank.

CLSA raises target Rs 650/share, implying an over 60% return on the stock. The brokerage remains bullish citing strong books with surprisingly low slippages at 0.4% in Q4.

Morgan Stanley as well is betting that the bank will achieve a Rs 600/share target, Brokergae house Jefferies has raised the target for the stock Rs 520/share while maintaining a buy rating . 

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