Brokerages see up to 33% rise in SBI post Q3 numbers. Should you buy the stock

Feb 6, 2023 ETMarkets.com

Brokerage Outlook

SBI on Friday reported a 68.5% year-on-year (YoY) increase in net profit for the quarter ended December 2022 to Rs 14,205.34 crore. This was the highest-ever quarterly profit posted by India's largest bank. Here’s where the brokerages see the stock heading Image Source: iStock

ICICIdirect

Rating: Buy | Target Price: Rs 700 | Potential Return: 29% Image Source: iStock

Jefferies

Rating: Buy | Target Price: Rs 670 | Potential Return: 23% Image Source: iStock

Nuvama

Rating: Buy | Target Price: Rs 650 | Potential Return: 19% Image Source: iStock

Motilal Oswal

Buy | Target Price: Rs 725 | Potential Return: 33% Image Source: iStock

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