SBI shares declined by 1.2 percent on Friday. The banking major faced rejection at higher levels (around Rs 820) and technical charts suggest weakness.

SBI shares will be on focus on Thursday as the largest public sector bank in India successfully raised Rs 25,000 crore via QIP route. SBI stock closed today's session 0.6 percent higher at Rs 820.

State Bank of India share price jumped one percent on Friday. The stock closed at Rs 804.55 after touching an intraday high at Rs 809.45.

Kotak Institutional Equities has reiterated a BUY recommendation for State Bank of India (SBI) with a current market price (CMP) of Rs 806 and a fair value (FV) target of Rs 975.

State Bank of India (SBI) has been rated as BUY in a research note by Kotak Institutional Equities, setting a fair value target of Rs 975 per share.

State Bank of India share price jumped 2.09 percent on Friday. The stock is currently at one month highs and looking strong on technical charts.