SBI Share Price: Stock market experts unveil this money-making strategy
SBI Share Price: The State Bank of India or SBI share price history in the last one month says that the stock has been trading in the range of Rs 180 to Rs 210 levels.
SBI Share Price: The State Bank of India or SBI share price history in the last one month says that the stock has been trading in the range of Rs 180 to Rs 210 levels. During this period, SBI shares made their one month high of Rs 213.15 and a low of Rs 176.35. According to the stock market experts, SBI share price is in a buoyant mood and has strong support at Rs 180 levels. They said that due to the special package to the banking sector and perhaps, some relief from the Supreme Court on EMI moratorium hearing on Monday, it is expected to hit Rs 205 to Rs 210 levels in immediate-short-term time-horizon.
Speaking on the SBI share price, Sumeet Bagadia, Executive Director at Choice Broking said, "SBI and other banking stocks are expected to go northward after the special package being announced to the banking sector by the central government. Apart from this, there is an EMI moratorium hearing taking place on Monday where banks are expecting some relief from the apex court of India. SBI being the largest commercial bank of India, has been underperforming and hence we can expect it to hit Rs 205 to 210 in immediate short-term."
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On SBI share price prediction Rohit Singre, Senior Technical Research Analyst at LKP Securities said, "SBI shares have an immediate support at Rs 180 and are overall highly bullish. They are expected to soon hit Rs 205 mark and I stock market investors to buy the counter at current Rs 190 levels maintaining the stop loss at Rs 180 levels."
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