SBI Shares Jump After Blockbuster Earnings, Set New Record

SBI Shares Price: Shares of Indian banking giant, State Bank of India (SBI), reassured its dominance on Dalal Street today. SBI shares reached a new all-time high of ₹1,225.50 during today’s trading session.

The stock maintained a strong rally until market close, reflecting the bank’s recent landmark results and strong investor confidence in the market. Tuesday’s gains have enthused investors, as the bank’s market capitalization has now surpassed ₹11.26 lakh crore, propelling it even higher in the list of the country’s most valuable companies.

Today’s Market Status

As soon as the market opened this morning, SBI shares traded with a gap-up opening near ₹1,220 and quickly touched the magical figure of ₹1,225.50. The heavy buying volume seen in the market today indicates that major fund houses and institutional investors are optimistic about the bank’s future.

The biggest reason behind this recent rally is the bank’s recently announced third-quarter results, in which it reported its highest-ever quarterly net profit of ₹21,028 crore. Additionally, the bank’s gross NPAs (GNPAs) have fallen to 1.57%, the lowest level in two decades, reflecting the bank’s strong loan recovery process.

Brokerage Houses’ Opinion

Given the strong performance, leading brokerage houses have significantly increased their target prices for SBI. Institutions like Motilal Oswal and Jefferies have maintained their ‘Buy’ ratings on the stock and have set a new target price of ₹1,300. Meanwhile, Nomura and Nuama have also recommended investing with a target price of ₹1,235 to ₹1,250.

Market experts believe that the bank’s loan growth of 13-15% and return on equity (RoE) of over 20% make it a safe and profitable investment for the long term. SBI is also expected to directly benefit from the government’s increased focus on infrastructure in Budget 2026, as it is the country’s largest bank, financing large projects.

What is important for investors

Looking at the technical charts, SBI stock is currently in a strong uptrend and trading above all its important moving averages. However, the Relative Strength Index (RSI) is around 78, indicating overbought conditions. Therefore, the possibility of mild profit booking at higher levels cannot be ruled out. Short-term traders should exercise caution and adopt a buy-on-dip strategy. For long-term investors, SBI remains a strong portfolio asset that could set new highs in the coming months.