If not now, then never! Opportunity to buy this king share of the banking sector cheaply, buy SBI shares cheaply and sell them high! This is the opportunity to earn huge profits
A big opportunity has emerged for investors in the shares of State Bank of India (SBI), one of the largest banks in the country. Famous American brokerage firm Citi has given a buy recommendation to SBI’s shares and has set a target price of Rs 830 for the share. This is likely to give investors a return of up to 16% in the coming period.
Why did brokerage firm Citi give a buy recommendation? – Till now, Citi had given a sell recommendation on SBI shares. However, now it has changed its decision and given a buy recommendation to investors. The main reason behind this is its confidence in the bank’s strong financial position.
According to brokerage firm Citi, SBI’s net interest margin (NIM) is likely to remain at 3% or more in the coming financial years. SBI’s asset quality is currently in a very strong position. The bank’s secured retail loan slippage is just 0.5%, which is a clear indication of the bank’s sound loan management.
According to a report by brokerage firm Citi, SBI’s NIM is expected to be between 2.9% and 3% during 2025-27. The bank’s loan growth is likely to be between 13-14%. Therefore, Citi has estimated that SBI’s earnings will grow by 1-2% in the coming years.
Currently, SBI shares are trading at just 0.85 times their book value, which is a very attractive opportunity for investors. SBI shares have fallen by 7% in the last 1 year, which can lead to good returns if invested at a low price.
What are the market experts’ predictions? – Currently, 40 out of 50 analysts have given a buy recommendation for SBI’s stock, while only 3 analysts have given a sell recommendation. Due to this, there is a possibility of a significant increase in the share price in the coming days.
If you are looking to invest in a good stock in a falling market, SBI shares could be a golden opportunity for you. According to a Citi report, investors can get returns of up to 16% if they invest at the current cheap rates.