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Buy State Bank of India, target Rs 283: Manas Jaiswal

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ETMarkets.com|

Updated: Jun 11, 2018, 09.05 AM IST

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Manas Jaiswal of manasjaiswal.com has a buy call on State Bank of India with a target price of Rs 283. The current market price of State Bank of India is Rs 272.7 Time period given by analyst is Intra Day when State Bank of India price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 268. State Bank of India, incorporated in 1955, is a banking company with a market cap of Rs 243373.50 crore.

State Bank of India key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 119510.00 Crore to Sales Value (68.08 % of Total Sales), Income From Investment which contributed Rs 48205.31 Crore to Sales Value (27.46 % of Total Sales), Interest which contributed Rs 6049.46 Crore to Sales Value (3.44 % of Total Sales) and Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 1753.47 Crore to Sales Value (0.99 % of Total Sales)for the year ending 31-Mar-2017.

The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs .00 Crore (.00 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs .00 Crore (.00% of total assets). For the quarter ended 31-03-2018, the company has reported a Consolidated Interest Income of Rs 35150.82 Crore, down -2.76 % from last quarter Interest Income of Rs 36150.28 Crore and down -8.19 % from last year same quarter Interest Income of Rs 38287.52 Crore. The bank has reported net profit after tax of Rs -7500.83 Crore in latest quarter.

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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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