© Simply 3 Capital
© Simply 3 Capital
State Bank of India (SBI) reported a 83 per cent jump in standalone net profit at Rs 16,694.51 crore in the fourth quarter of 2022-23 against Rs 9,113.53 crore a year ago, beating analyst estimates.
Results Announced-
State Bank of India (SBI) reported a 83 per cent jump in standalone net profit at Rs 16,694.51 crore in the fourth quarter of 2022-23 against Rs 9,113.53 crore a year ago, beating analyst estimates.
A Bloomberg poll pegged SBI’s net profit at Rs 14,884 crore.
The lender’s asset quality also showed an improvement with the percentage of gross non-performing assets (NPAs) declining to 2.78 per cent from 3.14 per cent on a sequential basis
Post the result announcmeent of SBI; Morgan Stanley has come out with target price of 715, JP Morgan sets target of 720 snd Bernstein sets target of 700 on SBI.
The last traded price was 574 on the bourses.
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