Stock market analysts have suggested investors to 'sell' State Bank of India (SBI) stock as there are full chances of a downward trend in this stock.

According to them, investors can sell the stock with a stop loss of Rs 2280 to achieve a target of Rs 2250.
 
Today, the shares of the bank opened at Rs 2247 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 2500 and a low of Rs 894 on BSE.

Current EPS and P/E of the stock stood at 158.16 & 14.06 respectively.

So the investors must sell SBI stock in today's session. After selling the stock, the interested investors can purchase the stock again at a low price, for medium term prospective to reap good profits.

SBI Cards, the 60:40 JV between SBI and GE Capital, has appointed a new chief executive officer.

Mr. Abhay Singh, who used to be CGM of SBI’s Mumbai circle, has accepted the charge from Mr. Diwakar Gupta.

Mr. Gupta will be shifting to SBI’s Mumbai division as a deputy managing director, even though he hasn’t been apportioned a unit thus far.

SBI, on Dec 04, has entered into a MoU with Honda Siel Cars India for offering up retail financing to clients.

Under the contract, SBI will be the favored financier for the complete variety of vehicles marketed by HSCI.

The MoU aims at directing high-end clients who will be availing car loan from the bank over Rs 0.50 million. SBI has come forward with a special plan known as SBI Advantage Car Loan Scheme for this niche section.