“Gautam Shah continues to favor public sector banks, viewing them as a proxy for the India value story, and believes their rally is not over yet. While State Bank of India remains a preferred name, he sees tier-II PSU banks like Punjab National Bank, Union Bank of India, Bank of Baroda, and Bank of Maharashtra offering even stronger relative value.”
Gautam Shah’s track record: 5 graded calls · 95% CI 4–62%
State Bank of IndiaBullishCalled 25 Feb 2026Graded 19 Jul 2026
State Bank of India declined from ₹1209.50 to ₹1091.30, a decrease of 9.77% over 61 days, which contradicts the bullish outlook.
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