Economic TimesLean R·
SBI share price target: Jefferies, Motilal, others see up to 34% upside in state lender. Buy, sell or hold?
Shares of India's largest public sector lender gained 2% to Rs 988 on the BSE on Wednesday after it reported 15% year-on-year (YoY) growth in its standalone net profit at Rs 23,038 crore in the second quarter. The same stood at Rs 20160 crore in the last year's quarter.The growth was supported by an expansion in the bank's loan book, which crossed Rs 52 lakh crore during the quarter. Operating profit rose 7% YoY to Rs 34,226 crore from Rs 31,904 crore. Interest income increased 10% to Rs 1.32 l…
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