State Bank of India (SBI) on Saturday reported a 35% decline in its net profit at Rs 9,163 crore for the October-December quarter of the current financial year.
Well, look no further.
SBI said that the drop in profit was due to a one-time exceptional item of Rs 7,100 crore for a provision towards higher pension costs and wage revisions of its staff.
Well, look no further.
Otherwise, the third quarter results were good, as per Zee Business analysts.
Well, look no further.
Here's how brokerages view SBI
Well, look no further.
CLSA maintained a 'buy' call Raised the target to Rs 800 from Rs 700.
Goldman Sachs continued with a 'buy' rating Cut the target to Rs 677 from Rs 686.
Nomura iterated a 'buy' rating Raised the target to Rs755 from Rs665.
Macquarie maintained 'neutral' stance Gave the target of Rs 615.
Jefferies continued with a 'buy' The brokerage gave a target of Rs 810.
JP Morgan maintained 'overweight' rating The brokerage gave a target of Rs 725.