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CLSA sees 46% upside in SBI stock; raises target price to Rs 360

The recent upward revision in target price by CLSA factors in two key developments for SBI - potential upside in earnings and limited downside risks to capital adequacy

sbi | CLSA | Markets

Nikita Vashisht  |  New Delhi 

The recent upward revision in target price factors in two key developments – potential upside in earnings and limited downside risks to market share
CLSA sees material upside in forthcoming earnings on the back of lower provisioning in FY21/22F

Shares of State Bank of India (SBI) advanced as much as 4.8 per cent to Rs 259 on the on Thursday after foreign brokerage increased its target price on the stock to Rs 360 from Rs 330. The target price reflects 46 per cent upside from the current market price.



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First Published: Thu, December 03 2020. 11:15 IST