SBI Share Price: Shares of Indian banking giant,State Bank of India (SBI),have reassured Dalal Street this week. Following the historic December 2025 quarter (Q3 FY26) results,SBI shares managed to touch the magical ₹1,200 mark for the first time. By market close,the stock settled at ₹1,198.60,indicating the bank’s strong fundamentals and future growth prospects.
Record Profits Soar
The biggest reason behind SBI’s latest surge is the bank’s highest-ever quarterly net profit. The bank’s standalone profit rose 24.5 percent to a record ₹21,028 crore in the third quarter of FY26. The bank has surprised not only in terms of profitability but also in asset quality,with its gross NPAs (GNPAs) falling to 1.57 percent,the lowest level in two decades. The heavy volume of nearly 18 million shares seen in the market today indicates that large fund houses and foreign investors are still willing to bet on this PSU banking giant.
Will the rally continue on Monday
Technical and market analysts have a positive outlook for the upcoming trading session,Monday,February 16. According to technical charts,SBI shares are currently in a strong uptrend and have broken out above the previous resistance level of ₹1,135. Technical analysts have identified some key levels for Monday,with the first resistance level at ₹1,235 being seen on the upside. If the stock manages to break this level and hold above it,it could rapidly move towards the psychological level of ₹1,270 and then ₹1,300.
In case of a decline,the ₹1,131 level will act as strong support. The stock’s RSI (Relative Strength Index) is currently around 77,indicating that the stock is in overbought territory. Therefore,some profit-booking or consolidation could be seen in Monday’s opening session.
Strong Buy Recommendation
Following the results,leading brokerages have significantly increased their target prices for SBI. Motilal Oswal and Jefferies have maintained their ‘Buy’ ratings on the stock and have given a new target of ₹1,300. Nomura has a buy rating with a target price of ₹1,235,and CLSA has a buy rating of ₹1,275. Experts believe the bank’s 13-15% loan growth and improving margins make it a safe and profitable investment for the long term.
