SBI Share Price: SBI Stock can cross ₹ 900 in 1-3 months, brokerage told Buy Range, Stop Loss

Axis Securities has issued a strong investment advice regarding shares of State Bank of India (SBI), the country’s largest government bank. The brokerage house has said in its techno-fundamental report that SBI shares may climb 10% to 15% and it has been recommended to buy it for 1 to 3 months. According to the report indicating the speed on the chart, the SBI stock broke the ‘Inverted Head and Shoulders’ pattern at 787 levels in mid -April 2025, indicating a strong boom in technical analysis. With this breakout, the volume also increased rapidly in the stock, which further strengthens this trend. Later, the stock showed strength again, bouncing the breakout zone, which made it clear that this boom is in power. Also read | BPCL Q4 Results: In Q4, the company earns a profit of ₹ 3,214 crore, a total of ₹ 1.11 lakh crore; Signs of the announcement of a dividend of ₹ 5 towards high levels are currently trading over all its important moving averages (20, 50, 100 and 200 days). RSI (Relative Strength Index) is also tilted upwards and is giving positive signals. Axis Securities believes that the stock can now touch the level from 885 to 930. State Bank of India is not only the largest government bank in the country, but the Reserve Bank of India has also declared it ‘domestic systemically important bank’ i.e. the necessary bank for the economy of the country. Axis Securities reported in its report that the bank expects 14-16% credit growth in FY25. Good demand for retail and corporate debt is the main reason behind this. Belief in NIM and asset quality, the bank hopes that its net interest margin (NIM) will remain above 3%, even if there is a slight cut in interest rates. At the same time, the asset quality of the bank also remains stable. Keeping the risk in express credit portfolio, the bank has taken vigilance. SBI is confident that the credit cost will be limited to 50 basis points. What is advice for investors? The report advises to buy SBI shares in the range of ₹ 815 to ₹ 799. Stop loss has been asked to be kept at ₹ 775. If the trend remains, the stock can go from ₹ 885 to ₹ 930 in the next 1 to 3 months. First Published – April 29, 2025 | 5:37 pm IST related posts

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