The shares of State Bank of India (SBI), the country’s largest bank, can see a surface of up to 17 percent further. Such hope is received from the target price of brokerage firm ICICI Securities. Brokerage has revised the target price to Rs 970 per share. This is 17 percent higher than the closed price of SBI share on BSE on 14 August. As far as rating is concerned, ICICI Securities have retained the ‘bye’ rating.
April-June 2025 quarter SBI The net profit on the standalone basis increased by 12 percent to Rs 19160 crore. The profit was Rs 17035 crore a year ago. The total income increased to Rs 135,342 crore, which was Rs 1,22,688 crore in the June 2024 quarter. Interest income was increased to Rs 1,17,996 crore, which was Rs 1,11,526 crore a year ago. The operational profit also increased to Rs 30,544 crore on an annual basis, which was Rs 26,449 crore in the June 2024 quarter.
Talking about asset quality, the bank’s gross NPA (Non Performing Asset) declined to 1.83 percent of the gross advocates at the end of the June 2025 quarter. It was 2.21 percent a year ago. Net NPA declined from 0.57 percent to 0.47 percent a year ago.
Arguments of brokerage
ICICI Securities said in its research report that the bank’s loans and deposits increased at a rate of 12 percent in the June 2025 quarter. Net interest margin fell 10 basis points on a quarterly basis. SBI is expected to make a good comeback to the Net Interest Margin in the second half of FY 2026 i.e. October 2025-March 2026. ICICI Securities have increased the estimate per share for FY26E/27E in SBI case by 5-6%. Returns on assets are expected to be 1–1% in both these financial years.
Brokerage believes that Treasury Gains seems to be recurring and low risk for SBI. Despite dull growth in express credit, the bank has recorded better growth in overall retail loans. This is a sign of better execution.
SBI shares strong 14 percent in 6 months
SBI’s stock closed at Rs 826.70 on BSE on Thursday, 14 August. The bank’s market cap is more than Rs 7.6 lakh crore. The face value of the stock is Rs 1. The stock has gained 47 percent in 2 years and 14 percent in 6 months. The government had a 55.50 percent stake in the bank by 21 July 2025. The 52 -week high level of the stock was created on 6 December 2024. The 52 -week low of 679.65 rupees was seen on 3 March 2025.
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