SBI Share Price: Investors Alert! Maximise your profit, market experts have this advice for you
SBI Share Price: The State Bank of India (SBI) share price has been skyrocketing for the last one and a half months. The SBI share price has surged more than Rs 125 in this time frame (Rs 282.10 closing on 29th January 2021 to around Rs 400 today) delivering more than 40 per cent returns to the SBI shareholders.
SBI Share Price: The State Bank of India (SBI) share price has been skyrocketing for the last one and a half months. The SBI share price has surged more than Rs 125 in this time frame (Rs 282.10 closing on 29th January 2021 to around Rs 400 today) delivering more than 40 per cent returns to the SBI shareholders. After this sudden upside bias in the SBI stock price, stock market investors who bet heavily in Bank Nifty stocks, have suddenly become more bullish in regard to SBI shares. However, for these investors, stock market experts have a piece of advice. They say investors should not buy this stock for very long targets like Rs 800 to Rs 1,000. These experts are of the opinion that one should keep on booking profit at regular intervals, say at 40 per cent to 50 per cent rise from entry levels.
SBI Share Price Target
Speaking on SBI share price history Saurabh Jain, AVP — Research at S&P said, "SBI share price is peaking after the budget presentation. This rise in SBI share price is due to the special focus on the PSUs, especially their profitability is in focus of the Narendra Modi Government. The Government of India (GoI) has already made it clear that it is going to divest all loss-making PSUs that makes them compete against their private rivals. This has worked in favour of the SBI shares. Apart from that, SBI has attracted good traction in retail that may help its shares to further rise."
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Money Making Idea
On how to make money from SBI shares, Avinash Gorakshkar, Head of Research at Profitmart Securities said, "In the recent quarterly results, SBI has shown good asset quality and if we go by the Gross Domestic Production (GDP) growth rate for FY 2021-22 then the double digit growth is expected to get reflected into the stock market too. In that case, if the SBI manages to maintain good asset quality that it has been maintaining, it would be one the major show stoppers of the stock market in the year ahead."
Gorakshkar said that in the recent market crash, SBI held its fort intact and that reflects that the SBI share price has strong support of all kinds of investors.
"One can buy SBI share price at around Rs 370-375 for the target of Rs 600 in next one year time-horizon and book profit there rather than waiting for over-optimistic targets like Rs 800 to Rs 1,000," concluded Avinash Gorakshkar.
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