Stock Spotlight SBI: Stock at record high, CLSA sees 50% upside | Editorji
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Stock Spotlight SBI: Stock at record high, CLSA sees 50% upside

Jun 01, 2021 14:56 IST | By Editorji News Desk

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%. 

Stock Spotlight SBI: Stock at record high, CLSA sees 50% upside

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