Shares of State Bank of India (SBI) increased 1.6% to a record high of ₹999, getting close to ₹1,000. Thanks to increased credit demand and strong Q2 results, SBI's market capitalization surpassed ₹9.20 lakh crore, placing it as the sixth most valuable corporation in India.
Today's focus is on the price of SBI shares: The largest public sector lender in the nation, State Bank of India (SBI), saw its shares increase 1.6% on Wednesday, November 26, reaching a record high of ₹999 per share. This brought the PSU bank's stock one step closer to breaking ₹1,000 for the first time.The state-owned lender's market capitalization has surpassed ₹9 lakh crore as a result of its extended bull run that began in late August and has already seen a 25% increase.
The market capitalization of SBI has reached ₹9.22 lakh crore, making it the sixth most valuable company in the Indian stock market, taking into account the stock's record high today. If share momentum continues in the upcoming weeks, it may even surpass ICICI Bank's market capitalization of ₹9.80 lakh crore.
The market capitalization of SBI has reached ₹9.22 lakh crore, making it the sixth most valuable company in the Indian stock market, taking into account the stock's record high today. If share momentum continues in the upcoming weeks, it may even surpass ICICI Bank's market capitalization of ₹9.80 lakh crore.
According to BSE data, HDFC Bank continues to be the most valued company among banking equities, with a market capitalization of ₹15.4 lakh crore.
SBI is expected to report a fifth yearly increase.
SBI's year-to-date return has increased to 25% as a result of the recent surge in its stock price, putting it on track for the sixth consecutive year of positive returns.
Even though the stock started its bull run in late August, it picked up speed after the bank raised its credit growth forecast and released the September quarter results, which exceeded analysts' projections.
SBI is expected to report a fifth yearly increase.
SBI's year-to-date return has increased to 25% as a result of the recent surge in its stock price, putting it on track for the sixth consecutive year of positive returns.
Even though the stock started its bull run in late August, it picked up speed after the bank raised its credit growth forecast and released the September quarter results, which exceeded analysts' projections.
The system's credit demand has improved because to a number of government and RBI-announced policy initiatives, like as lower repo rates and lower GST, which are intended to increase consumption, especially in India's cities.
Additionally, PSU banks are becoming more appealing to Dalal Street investors due to improving asset quality and steady net interest margins (NIMs).
The bank increased its credit growth expectation from 11–12% to 12–14% for the current fiscal year as its loan book grew by 12.73% YoY to ₹44.2 lakh crore in Q2FY26.
Additionally, PSU banks are becoming more appealing to Dalal Street investors due to improving asset quality and steady net interest margins (NIMs).
The bank increased its credit growth expectation from 11–12% to 12–14% for the current fiscal year as its loan book grew by 12.73% YoY to ₹44.2 lakh crore in Q2FY26.
Technical View: SBI breaks out, sights ₹1,050 objective, according to analyst Anshul Jain, Head of Research at Lakshmishree. With strong momentum at the present market price of ₹993, SBI broke out of a flat base at ₹838 and is now steadily advancing toward its pattern target of ₹1,050.
Since the company has continuously obeyed this moving average during its advance, he noted that the trend structure is still intact and that any decline toward the 20-day EMA near ₹955 should be seen as a new buying opportunity.
Since the company has continuously obeyed this moving average during its advance, he noted that the trend structure is still intact and that any decline toward the 20-day EMA near ₹955 should be seen as a new buying opportunity.
Additionally, Jain pointed out that traders should exercise caution at current levels due to the recent strong increase and stretched momentum indicators. As the stock gets closer to its goal zone, he continued, position sizing and disciplined entry become crucial.
SBI's Q2 Results
Compared to ₹18,331 crore in the July–September quarter of last year, the PSU bank posted a net profit of ₹20,160 crore in Q2, a 10% year-over-year growth.
During the time, net interest income (NII) rose from ₹1,13,871 crore in the same quarter last year to ₹1,19,654 crore. The net interest margin (NIM) increased by 7 basis points quarterly to 3.09%, but it decreased by 18 basis points annually.
SBI's Q2 Results
Compared to ₹18,331 crore in the July–September quarter of last year, the PSU bank posted a net profit of ₹20,160 crore in Q2, a 10% year-over-year growth.
During the time, net interest income (NII) rose from ₹1,13,871 crore in the same quarter last year to ₹1,19,654 crore. The net interest margin (NIM) increased by 7 basis points quarterly to 3.09%, but it decreased by 18 basis points annually.
In terms of asset quality, gross non-performing assets (NPAs) decreased from 2.13% of gross loans to 1.73% as of September 30, 2025. In a similar vein, net NPAs, or bad loans, decreased to 0.42% of advances from 0.53% during the same time last year.
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