Pending — not yet graded
“Retained 'Buy' rating on SBI shares with a target price of ₹1,300, implying over 18% upside. The bank kicked off FY27 strongly with 19% YoY credit growth and recovering margins (up 5 bps QoQ to 2.87%), leading to a sharp profit beat. SBI's undemanding 1.1x FY28 ABV valuation does not fully reflect its strong franchise.”
Nuvama Analysis’s track record: 4 graded calls · 95% CI 15–85%
SBIBullishCalled 10 Aug 2026
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