Nomura picks SBI as its top banking sector pick amid attractive valuation; check target price

2 hours ago 1

Shares of State Bank of India are successful absorption connected Wednesday (October 9) arsenic Nomura maintains bargain connected the banal for a people of Rs 980. The caller people implies an upside of implicit 25 per cent.

The brokerage said its clip to get backmost onboard arsenic the state-run lender continues to present good connected plus quality.

In the erstwhile session, the banal ended astir 1.6 per cent higher astatine Rs 782.05 per stock connected the BSE.

Relatively well-placed amid some tougher deposit conditions and imaginable complaint cuts. The brokerage besides said the state-run PSB is well-positioned connected imaginable tighter draught regulations.

The banal commands charismatic valuations astatine 1x FY26F P/BV and remains the top banking assemblage pick.

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