Axis Securities Recommends PSU Bank Stock To Buy For 40% Potential Return

Axis Securities Recommends PSU Bank Stock To Buy For 40% Potential Return { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

Axis Securities is upbeat on PSU banking stock, State Bank Of India and recommended investors to buy with a target price of Rs 750 apiece.

Current market price of SBI is Rs 534.25 apiece on BSE. If you buy State Bank Of India shares now, you can fetch potential 40% return.

SBI has a market capitalisation of Rs 4,76,797.39 crore. Check details below: 1. State Bank Of India Stock Performance

Current market price of SBI is Rs 534.25 apiece with intraday fall of 0 .48%. { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

The stock's 52- week high is Rs 629.65 apiece and 52- week low is Rs 425.00 apiece, respectively.

2. State Bank Of India Return & Financial Performance

The large cap banking company declared its net profit after tax at Rs, 782 .48 crore. { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

The company declared a consolidated total income of Rs 114, up 10 .83 % from last quarter Total Income of Rs 127,218.97 crore, 2022.

The stock for the quarter ended December 31,477.22 crore in latest quarter.

3. About State Bank Of India

The State Bank of India ( SBI) is an Indian Multinational, is a Fortune 500 company India headquartered in Mumbai,. { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

The stock has been picked from the brokerage report of Axis Securities. { "selector": ".imagebox-wrapper", "duration": "4776ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.14328)"] } }

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By Renu Baliyan Goodreturns source: goodreturns.in Dailyhunt View more