SBIN

Positive for medium to long term.

State Bank of India remains one of the strongest large-cap banking plays. Banking stocks have attracted strong FPI inflows recently, supported by attractive valuations and expectations of stable earnings. SBI is trading below its 52-week high, offering potential upside if banking sector momentum continues. • Foreign investors have returned strongly to Indian banking stocks, with the sector seeing the highest inflows in 14 months. Policy support, lower valuations, and expectations of stable earnings are driving sentiment. • Markets remain supported by improving monsoon progress, steady crude prices near $72/barrel, and the start of the Q1 earnings season. • Key risks remain global volatility, crude oil movements, and rupee weakness. The rupee recently touched a three-week low against the ***** Positive for medium to long term.