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YONO, earnings recovery key triggers for SBI: Goldman Sachs, Macquarie

State Bank of India stock was the top performing stock on the Nifty bank index today, and supported the index to claim a fresh record high of 32,683.5 on the NSE. The index is up 100% from March lows

Topics
sbi | Goldman Sachs | Macquarie

Nikita Vashisht  |  New Delhi 



Foreign brokerage Goldman Sachs has added the stock to its 'Conviction List'
Foreign brokerage Goldman Sachs has added the stock to its 'Conviction List'

State Bank of India (SBI) shares surpassed the Rs 300-mark on the BSE, surging 5.2 per cent in the intra-day session, and hit a high of Rs 308 on Wednesday. In the past two months, the stock of India's largest public sector lender has leapfrogged 25 per cent at the bourses as against a 13.5 per cent rise in the benchmark S&P BSE Sensex. It took the stock nearly 65 trading sessions to jump from Rs 200 to Rs 300. It hit Rs 200-mark on October 14, on a closing basis.

The stock was the top performing stock on the index today, and supported the index to claim a fresh record high. In the intra-day session, index touched fresh life-time high of 32,683.5 on the National Stock Exchange (NSE), soaring 100 per cent from March lows.

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First Published: Wed, January 13 2021. 11:49 IST

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