SBI share price: The PSU bank stock has fallen 7.93 per cent this calendar against a 0.88 per cent rise in the banking benchmark during the same period.
SBI stock: Antique Stock Broking said the dilution concern is overdone as strong internal accrual is adding to CET 1 and should be sufficient for 12–13 per cent loan growth estimates.
SBI share price target: Nuvama Institutional Equities has retained its ‘Buy’ rating on the stock but highlight that NIM and loan growth remain key monitorables.
Hot stocks for next week: Domestic equity market closed higher on Friday (August 4), snapping a three-day losing streak. Bharti Airtel, Castrol India, Karur Vysya Bank, BHEL, SBI among hot stocks next week (August 7-11). Watch this Business Today Visual Story to know more.