SBI Research urges tax clarity on G-Secs, ECB rules to deepen domestic borrowing markets
State Bank of India is in focus with October 15 in focus.
· Business Today Mkts
In its Ecowrap report dated October 15, SBI Research said the rupee could remain in appreciating territory, but global financial turbulence and continuing capital-account deficits leave little room for complacency.
Key facts
- Dates in focus
- October 15
The analysis
Against that, the stock is +0.3% on the day at ₹962.60, and has returned -6.7% over three months. It sits 22% below its 52-week high. The banks sector has moved -3.1% over the same period, so State Bank of India is running 3.6 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, Financial Services, Capital Goods & Engineering.
In this story
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