Posted on April 21, 2025, by Niftynews
The SBI share price rallied nearly 3% on Monday, April 21, 2025, as investors rotated into public sector banks amid strong Q4 results from private heavyweights ICICI Bank and HDFC Bank.
With shares trading at ₹822.5 on the NSE and inching closer to the 52-week high of ₹912, the market is now looking at the State Bank of India (SBI) to continue the sector momentum in the upcoming quarterly results.
📊 SBI Share Price Today: Momentum Builds
The SBI share price today is riding a wave of bullish sentiment. It has now gained over 10.5% in just five sessions, marking its fifth consecutive day of gains. After months of underperformance compared to private peers, SBI is finally showing signs of a strong reversal.
🔹 Key Price Highlights:
- Current Price: ₹822.5
- 52-week High: ₹912
- 200-Day Moving Average (DMA): ₹797 (recently crossed)
- RSI Level: 69 (approaching overbought)
- YTD Return: 3.5% positive
The stock’s RSI (Relative Strength Index) is just shy of the 70 mark, which indicates overbought territory, a sign that the bullish run may either extend further or take a short pause for consolidation.
📉 SBI vs Peers: Catching Up to ICICI and HDFC Bank
Following strong Q4 FY25 results from ICICI Bank and HDFC Bank, which showed robust profit growth, lower slippages, and improved asset quality, public sector banks like SBI are now back in focus.
While ICICI Bank rose over 1% after posting an 18% YoY rise in net profit and a solid ₹11 dividend, and HDFC Bank led the Nifty Bank rally, SBI still has its earnings pending.
Yet, SBI remains a key beneficiary of the sector-wide rally. Since the Nifty Bank index hit a low of 47,702 on March 11, SBI has delivered a 12.3% return, the second-lowest among index constituents—higher only than Federal Bank at 11%.
🧠 Analyst Sentiment: 50 Ratings, Most Say “Buy”
SBI enjoys wide coverage across brokerage firms. According to the latest data, 50 analysts currently track the stock:
- ✅ 40 analysts have a “Buy” rating
- ⚖️ 9 analysts recommend “Hold”
- ❌ 1 analyst has a “Sell” rating
Brokerages remain bullish as the state-run lender prepares to release its March quarter results. While the exact board meeting date is yet to be announced, expectations are high for SBI to show resilience in asset quality and steady loan growth.
🎯 SBI Share Price Target: What Do Analysts Say?
Several domestic and foreign brokerages have revised their price targets for SBI amid the broader banking sector rally.
📌 Top SBI Target Prices:
- Choice Broking: ₹1,102 (highest domestic target)
- CLSA (foreign brokerage): ₹1,050
- Consensus Range: ₹950 – ₹1,100
These targets reflect a potential upside of 25–30% from current levels, provided SBI delivers a strong performance in the upcoming results.
🗓️ Earnings Preview: Can SBI Match the Private Bank Momentum?
SBI is yet to announce its Q4 earnings date, but investors are expecting the following:
- Continued improvement in gross and net NPA ratios
- A rise in loan growth, particularly from corporate and MSME segments
- Stable or improving Net Interest Margin (NIM), despite pressure from falling repo rates
- Strong deposit growth and sustained CASA ratio
The last few months have seen SBI regain ground after a three-month losing streak, thanks to a 12% gain in March and continued momentum into April.
💬 Expert Take: What’s Driving the SBI Share Price?
Market experts believe SBI’s rally is a combination of:
- Sector-wide sentiment uplift from ICICI and HDFC earnings
- Technical breakout above the 200-DMA at ₹797
- Favorable positioning in retail and SME lending
- Positive institutional flows amid public sector stock revival
“SBI’s consistent long-term returns and exposure to India’s core banking system make it a strategic bet for value investors,” said a senior analyst from a Mumbai-based brokerage.
🔍 Should You Buy SBI Shares Now?
Here’s a quick take on the SBI share price outlook for different types of investors:
✅ Buy, if you:
- Believe in long-term value from PSU banks
- Expect SBI to deliver strong Q4 results and close the performance gap with ICICI/HDFC
- Are looking for a potential breakout play toward ₹900–₹1,000
🤝 Hold, if you:
- Already own SBI shares and are targeting ₹850–₹880 as your near-term exit
- Want to wait for Q4 numbers before adding more positions
⚠️ Avoid or Reduce, if:
- You’re a short-term trader wary of the RSI approaching overbought territory
- You prefer high-growth private banks over PSU plays
🧾 Final Word on SBI Share Price Outlook
The SBI share price is showing clear signs of strength, catching up with private sector peers after months of underperformance. With strong analyst backing, favorable technicals, and sector momentum, the stock appears poised for further upside.
However, much now hinges on the upcoming Q4 earnings. A good result could unlock further gains, while any disappointment may trigger some short-term profit booking.
