Technical analyst Salil Sharma has maintained 'buy' rating on State Bank of India (SBI) stock with a short term target of Rs 2680.

According to analyst, the stock can be bought with a stop loss of Rs 2610.

The stock of the bank, on Feb 08, closed at Rs 2638.70 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 3515 and a low of Rs 1899.90 on BSE.

Current EPS & P/E ratio stood at 159.26 and 16.44 respectively.

SBI may not be in a situation to initiate its purposed rights providing aggregating Rs 20,000 crore during the existing financial year as it was not capable of securing sanctions from its leading investor - the administration - by early February.

The country's biggest bank has decided to appoint 15,000 people, mostly clerical staff in 2011 in order to fill up vacancies crosswise its different arms in the country.

SBI is eyeing to append around 17 novel divisions that will take the overall number of its divisions to 555 in the North East

In addition, SBI is looking at Rs 3 lakh crore rustic deposits and Rs 1.75 lakh crore rural advances by 2010-11 end.

Around 36% of SBI's overall deposits are in rural regions that also make up 32% of the total advances.