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HomeNewsSBI share price rises today after upbeat Q4 results: Should you buy...

SBI share price rises today after upbeat Q4 results: Should you buy the stock?

May 10, 2024 10:45 AM IST

SBI share price: Kotak Institutional Equities maintained a ‘Buy’ call on SBI with a target price of ₹950 apiece. What other brokerages said

SBI share price today: The share price of State Bank of India (SBI) rose over a percent today (My 10) as the stock extended gains from previous session after the bank’s Q4 results. SBI reported its highest-ever quarterly net profit of 20,698 crore in the fourth quarter of FY24. The bank registered a growth of 24% from 16,694.5 crore in the year ago quarter and said that it expects its credit book by 14-16% in the current fiscal year. Asset quality of the bank improved during the March quarter as well owing to decrease in Gross NPA by 2.9% and fll in Net NPA by 6.1% QoQ.

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