SBI rallies 9% in 2 days post Q4 results; brokerages bullish on stock

Total slippages and restructuring for FY21 were at Rs 46,416 crore, within the guidance of Rs 60,000 crore

Shares of State Bank of India (SBI) were up 4.4 per cent at Rs 418.90 on the BSE in intra-day trade on Monday, having rallied 9 per cent in the past two trading days, after the bank on Friday reported a strong performance on the asset quality front wherein slippages and restructuring were within guidance while sufficient provisioning buffer also provided comfort.

The stock of the state-owned lender was trading close to its record high of Rs 426.45 touched on February 18, 2021. Most of the brokerage houses are bullish on the stock after SBI's healthy performance.

For the January-March 2021 quarter