SBI

Buy SBI With Stop Loss Of Rs 2610

Technical analyst Simi Bhaumik is bullish on State Bank of India (SBI)
and has maintained 'buy' rating on the stock to attain a target of Rs 2654.

Mr. Bhaumik said that the stock can be purchased with a stop loss of Rs
2610.

Today, the stock of the bank opened at Rs 2615 on the Bombay Stock
Exchange (BSE).

The share price has seen a 52-week high of Rs 3515 and a low of Rs 2027
on BSE.

Current EPS & P/E ratio stood at 159.26 and 16.55 respectively.

The State Bank of India (SBI) bond issue has witnessed strong subscription.

According to analyst, the investors can buy the stock with a stop loss of Rs 2615.

Mr. Mohinder said that the said target can be attained in 2-3 trading sessions.

The stock of the bank, on March 16, closed at Rs 2642.85 on the Bombay Stock Exchange
(BSE).

Current EPS & P/E ratio stood at 159.26 and 22.90 respectively.

The share price has seen a 52-week high of Rs 3515 and a low of Rs 2014.20 on BSE.

Govt. supports SBI's teaser loan

It's a good news of SBI boss O P Bhatt as finally government went on his side on home loan
issue after long rounds of meetings and discussions.

There is a long-time conflicts of policy between RBI and banks specially SBI over "teaser rates".
RBI wants a clear policy about these flexible-rates loans and wants more capital set aside against
loans. Now according to media reports, government has cleared its stand on this. Government
official said these loans should be called "terraced" loans.

SBI in the last quarter has raised Rs 1,000 crore through its retail bonds and is ready to mobilize Rs
10,000 crore through these bonds in the current quarter