• SENSEX
    NIFTY 50
Market

Why Morgan Stanley downgrades India's largest lender

Updated : September 25, 2019 03:23 PM IST

Despite the market volatility, liquidity crisis, economic slowdown, the State Bank of India (SBI) has gained over 14 percent in the last 1 year.
Morgan Stanley, in a report, downgraded the stock to 'equal-weight' from 'overweight' with a target of Rs 330 per share.
Post the downgrade, the shares of SBI fell over 5 percent in intra-day deals as compared to a 1 percent or 376 points fall in BSE Sensex at 38,721.
Why Morgan Stanley downgrades India's largest lender
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV