Homevideos Newsearnings News

    SBI Q2 earnings: On expected lines; experts recommend buy on the stock

    videos | IST

    SBI Q2 earnings: On expected lines; experts recommend buy on the stock

    Mini

    State Bank of India reported its Q2 earnings. The net interest income (NII) is up about 14.6 percent at Rs 28,182 crore on year-on-year (YoY) basis. Profit is also higher than street estimates, at Rs 4,574 crore.

    State Bank of India reported its Q2 earnings. The net interest income (NII) is up about 14.6 percent at Rs 28,182 crore on year-on-year (YoY) basis. Profit is also higher than street estimates, at Rs 4,574 crore.
    The gross NPA came in at 5.28 percent compared to 5.44 percent quarter-on-quarter (QoQ). The net NPA saw an improvement to 1.59 percent as compared to 1.86 percent QoQ.
    Lalitabh Shrivastawa of Sharekhan said that the results are in-line with expectations, except for the slight miss on the asset quality numbers. He said his firm has a buy rating on the stock.
    Darpin Shah of HDFC Securities too has a buy rating on the stock, and said any further action would depend on the management commentary.
    Kunal Shah of ICICI Securities said that they have buy recommendation on the stock with a target price of Rs 272.
    Disclaimer:
    The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
    Watch this video to know more.
    Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
    next story

      Most Read

      Market Movers

      View All
      CompanyPriceChng%Chng