Buy State Bank of India, Dr CK Narayan
The latest news for the buying of SBI shares has been out by Dr. CK Narayan of Chart advise and thus has to buy advice on the state bank of India which stands at Rs. 360 for now with a target price of Rs.370. SBI was incorporated in 1955, one of the oldest banks of India. It has a market cap of Rs. 321643.00 crores. The period given by the analyst for the trade is Intraday when the targeted share can reach the target price and the recommended stop loss to be at Rs. 355.
The essential products offered by the SBI through which they generate the revenue include Interest & Discount on Advances & Bills which has created Rs 141363.17 Crores to Sales Value, while income from investment contributed Rs 70337.62 Crores to Sales Value. Rs.6548.53 Crores sales value were collected from Interest on balances with RBI and Other Inter-Bank Funds. Interest contributed to Rs.2250 crores to the total sales value. These entire values stand for the year ending at 31-03-2018.
The Gross NPAs stand at 00 crores for the bank and also the net NPAs stand at the same. The company has had a consolidated interest income of Rs 43863.23 crores for the quarter ending on 31-03-2019, which has increased by nearly 2.50% from the last quarter. Rs.1550.43 Crores has been the net profit after tax, which has been recorded by the bank.