The market cap of SBI has crossed Rs 7 lakh crore. During this period, SBI shares also registered a huge rise. Actually, at this time SBI has reached record high level. Its market cap has become Rs 700760 crore. During the same intraday, SBI shares rose 0.79% to 790.15 on BSE. SBI shares are moving above the moving averages of 5 days, 10 days, 20 days, 50 days, 100 days, 200 days. This stock is also indicating 72.5 in RSI and its 1 year beta is 0.7 which is indicating very low volatility.
SBI stock so big in 1 year
In the last one month, SBI’s shares have risen by 20.68%, while if we talk about the year, SBI’s shares have risen by 39.47% in the last one year. After which now this share has reached 790.15. So far in the year 2024, SBI stock has given a return of 22.35%. Brokerage firm Sharekhan has given a target of Rs 915 for banking stock. That means SBI 915 is going to arrive soon.
How far will SBI’s shares reach?
The target price of Incred Equities is Rs 850. For other retail loans and unsecured personal loans, asset quality remains strong at this time. Let us tell you that in India, public sector banks are required to maintain a minimum CR of 12%. The CR of SBI Bank shares was 14.68% in the December 2023 quarter.
Sensex reached record high level:-
At present, Sensex is continuously moving forward with strong momentum. Last few hours ago, BSE Sensex had taken a big jump and gained 432 points. After which it reached the record level of 74109.13. Whereas its day’s low was 73321.48 and high was 74151.27. This is the first time in the history of the market that the Sensex has gone so high. Talking about Nifty, it rose by 117 points and closed at 22474.