Analysts revise SBI target price post Q1, but Voda Idea overhang remains

SBI share price skidded 3 per cent to Rs 443 on the BSE in the intra-day trade today as analysts worry that Voda Idea's precarious position may hit the lender's asset quality going ahead

Concerns over Vodafone Idea's existence and worries that the telecom services provider may go belly up in the absence of any support from the government hit shares of State Bank of India (SBI) on Thursday. The stock skidded 3 per cent to Rs 443 on the BSE in the intra-day trade.

Analysts worry that Voda Idea's precarious position may hit the lender's asset quality going ahead. That said, most brokerages have not revised down their target price on the SBI stock just yet, in a hope that the precarious situation that the telco has landed itself in may get resolved