SBI Share Price Hits Record High: Can Buying This Share Now Make You a Millionaire?
Business
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News18•06-01-2026, 19:13
SBI Share Price Hits Record High: Can Buying This Share Now Make You a Millionaire?
- •State Bank of India (SBI) shares hit a new all-time high of Rs 1,024 on NSE, gaining 2% amidst weak market conditions.
- •The stock has rallied nearly 6% in the last six sessions and 27% over six months, significantly outperforming Nifty 50.
- •SBI's market capitalization reached Rs 9.45 trillion, aiming to cross Rs 10 trillion if the share price surpasses Rs 1,100.
- •Brokerages project 13-14% loan growth by FY26, healthy asset quality, and stable Net Interest Margins (NIMs) above 3%.
- •ICICI Securities maintains a 'BUY' rating, raising the target price to Rs 1,120, citing a strong corporate loan pipeline.
Why It Matters: SBI stock hits record high, showing strong growth potential and positive brokerage outlook.
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