SBI Shares Surge to Record High Following Stellar Earnings Report
State Bank of India (SBI) reaffirmed its dominance on Dalal Street today, with shares soaring to a new all-time high of ₹1,225.50. The banking giant’s rally continued throughout the trading session, driven by its stellar quarterly performance and strong investor confidence. The stock opened with a gap-up near ₹1,220 and quickly climbed to touch ₹1,225.50, reflecting aggressive buying from institutional investors, mutual funds, and retail participants. SBI’s market capitalization now exceeds ₹11.26 lakh crore, solidifying its position among India’s most valuable companies.
Record-Breaking Quarterly Results
The primary driver of this rally is SBI’s third-quarter results. The bank reported its highest-ever quarterly net profit of ₹21,028 crore, signaling strong operational efficiency and financial resilience. Gross Non-Performing Assets (GNPAs) have declined to 1.57%—the lowest in two decades highlighting a robust credit recovery process and prudent lending practices. Experts believe that the bank’s consistent loan growth of 13–15% and an impressive return on equity (RoE) of over 20% make it a compelling long-term investment option.
Strong Support from Brokerages
Top brokerage houses have responded positively to SBI’s performance. Motilal Oswal and Jefferies have maintained their ‘Buy’ ratings with an increased target price of ₹1,300. Nomura and Nuama have recommended buying the stock with target prices ranging between ₹1,235 and ₹1,250. Analysts also highlight that SBI is well-positioned to benefit from the government’s infrastructure push in Budget 2026, given its status as the largest lender financing major projects across the country.
What Investors Should Know
Technically, SBI shares are in a strong uptrend and trading comfortably above key moving averages, showing sustained momentum. However, the Relative Strength Index (RSI) is around 78, indicating overbought conditions. This suggests the possibility of short-term profit booking at higher levels. Short-term traders should consider a buy-on-dip approach, while long-term investors can treat SBI as a core portfolio asset with the potential to reach new highs in the upcoming months.
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Record-Breaking Quarterly Results
The primary driver of this rally is SBI’s third-quarter results. The bank reported its highest-ever quarterly net profit of ₹21,028 crore, signaling strong operational efficiency and financial resilience. Gross Non-Performing Assets (GNPAs) have declined to 1.57%—the lowest in two decades highlighting a robust credit recovery process and prudent lending practices. Experts believe that the bank’s consistent loan growth of 13–15% and an impressive return on equity (RoE) of over 20% make it a compelling long-term investment option. Strong Support from Brokerages
Top brokerage houses have responded positively to SBI’s performance. Motilal Oswal and Jefferies have maintained their ‘Buy’ ratings with an increased target price of ₹1,300. Nomura and Nuama have recommended buying the stock with target prices ranging between ₹1,235 and ₹1,250. Analysts also highlight that SBI is well-positioned to benefit from the government’s infrastructure push in Budget 2026, given its status as the largest lender financing major projects across the country.What Investors Should Know
Technically, SBI shares are in a strong uptrend and trading comfortably above key moving averages, showing sustained momentum. However, the Relative Strength Index (RSI) is around 78, indicating overbought conditions. This suggests the possibility of short-term profit booking at higher levels. Short-term traders should consider a buy-on-dip approach, while long-term investors can treat SBI as a core portfolio asset with the potential to reach new highs in the upcoming months. Looking Ahead
With record earnings, declining NPAs, and robust growth metrics, SBI continues to be one of the most watched stocks on Dalal Street. Its strong fundamentals, coupled with favorable government policies, position the bank as both a stable and growth-oriented investment option. Investors can expect SBI to remain a key driver of market sentiment while delivering steady returns in the long run.
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