Motilal Oswal Picks Large Cap PSU Bank Stock, Recommends Buy For Good Return

Motilal Oswal has recommended investors to buy large cap PSU bank stock, State Bank of India with target price of Rs 585 apiece. Current market price of the banking stock is Rs 563.70 apiece on BSE with intraday rally of 0.46%. The analysts has suggested to maintain the stop loss at Rs 548 apiece. Check key details below:

State Bank of India Stock Performance: Current market price of SBI stock is RS 563.70 apiece. Its 52-week high is Rs 629.65 apiece and 52-week low is Rs 425.00 apiece, respectively. The bank has a market capitalisation of Rs 5,02,901.88 crore.

State Bank of India Return & Financial Performance: The stock rallied over 3% in last 1-month, declined 7% in last 3-months, and delivered return of 22% in last 1-year. It rallied 109% in last 3-years-time. It soared over 4% in last 6-months.
SBI, for the quarter ended December 31, 2022, announced a consolidated total income at Rs 127,218.97 crore, up 10.83 % from last quarter total income of Rs 114,782.48 crore. It declared its net profit after tax at Rs 15,477.22 crore in latest quarter.

About SBI: State Bank of India (SBI) a Fortune 500 company, is an Indian Multinational, Public Sector Banking and Financial services statutory body headquartered in Mumbai. The rich heritage and legacy of over 200 years, accredits SBI as the most trusted Bank by Indians through generations, according to its official website.

The stocks have been picked from the brokerage report of Motilal Oswal. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.