Long Term Buy Call For SBI

Long Term Buy Call For SBIStock market analyst Prakash Gaba has maintained 'buy' rating on State Bank of India Ltd stock with a target of Rs 3400.

The strict stop loss for the stock is Rs 3000.

Today, the stock of the company opened at Rs 2998 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 2999.95 and a low of Rs 1883 on BSE.

Current EPS & P/E ratio stood at 153.57 and 20.27 respectively.

The State Bank of India (SBI) will establish a coin vending machine at its division in Bistpur soon as Jharkhand's Kolham arm was confronting coin shortage.

India's biggest lender may continue its teaser home loan plan even though a concluding verdict will be taken at its Asset-liability management group meet after September.

The concessional home loan plan is due to finish by the end of the existing month.

The loan plan was initially expected to close by April 30, however was lengthened till June, and then again till the end of September, because of heavy demand.