SBI shares today: State Bank of India’s shares soared to record high on Monday, after the lender turned in its strongest quarterly profit on record for the October–December period of FY26. The stock climbed up to 6.7% to hit Rs 1,137 on the BSE. Last week, SBI reported standalone net profit of Rs 21,028 crore for Q3FY26, up 24% as compared to a year ago. The robust figures came on the back of loan growth and stable margins.At 11:54 am, the SBI stock was trading at 1137.80, up 71 points or 6.7% on the BSE. Income from core lending activity stayed firm. Net Interest Income rose 9% year-on-year to Rs 45,190 crore. Operating profit, calculated before provisions and contingencies, advanced 40% from the same period last year to Rs 32,862 crore, reflecting improved leverage in the business. Brokerages tracking the lender largely maintained positive recommendations, with many highlighting growth in loans, steady profitability and comfort on asset quality.
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Motilal Oswal maintained a ‘Buy’ view and lifted its target price to Rs 1,300, implying a 22% upside from current levels. The brokerage highlighted broad-based strength in performance, helped by business growth, expansion in margins and stable asset quality, as reported by ET. Nomura also kept a ‘Buy’ rating, with a target of Rs 1,235. It pointed to resilient margins, rising 2 basis points sequentially and comparing well with peers. Loan growth of 16% year-on-year was seen ahead of competitors even with the bank’s sizeable base, and core profitability metrics continued to exceed those of peers. JM Financial also reiterated its ‘Buy’ recommendation and set a target price of Rs 1,250. It pointed to diversified growth, margins holding up in the face of deposit pressure, leading asset quality and sizeable provision buffers, all of which provide better visibility on earnings and balance-sheet resilience. A return on assets of around 1% or more and a mid-teen return on equity profile, justifies a premium relative to past public sector bank valuations, according to the brokerage. Nuvama Institutional Equities too remained positive, raising its target price to Rs 1,250 while maintaining its Buy rating. The brokerage observed that for the third straight quarter, SBI’s core earnings surpassed those of private sector peers, aided by stable margins, above-average loan growth and strong fee income.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
