SBI shares in focus after Q2 earnings beat estimates. Should you buy, sell, or hold?
- Posted on November 11, 2024
- By Business News Today
- 1 Views
SBI shares in focus after Q2 earnings beat estimates. Should you buy, sell, or hold?
State Bank of India (SBI) exceeded profit forecasts, posting a 28% surge to reach Rs 18,331 crore. This robust performance was fueled by a 5% rise in net interest income, though deposit growth trailed behind loan growth. Analysts are optimistic, with many upgrading target prices and praising SBI's asset quality and growth prospects.