Why the principal secretary to the Prime Minister feels India can't be complacent despite strong economic fundamentals
State Bank of India is in focus.
· Business Today Mkts
Speaking at the SBI Banking and Economics Conclave, Pramod Kumar Mishra noted that alliances were fragmented, and trade barriers were rising…
The analysis
Against that, the stock is -1.6% on the day at ₹939.00, and has returned -7.4% over three months. It sits 24% below its 52-week high. The banks sector has moved -1.7% over the same period, so State Bank of India is running 5.7 points behind its peers.
For State Bank of India, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Market context
- The company directly in focus is SBIN.
- Sector exposure: Banks.
In this story
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