Business Standard

SBI inches towards record high ahead of Q1 results; stock up 3%

Analysts expected SBI to report a healthy performance, supported by recoveries and modest opex

SBI
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SBI

SI Reporter Mumbai
Shares of State Bank India (SBI) moved higher by 3 per cent to Rs 438.60 on the BSE in intra-day trade on Thursday on the back of heavy volumes. The stock inched towards its record high ahead of its April-June quarter (Q1FY22) results next week. Analysts expect SBI to report a healthy performance, supported by recoveries and modest opex.

The stock of the state-owned lender had hit an all-time high of Rs 442 on June 3, 2021, after it reported a strong set of numbers for the March 2021 (Q4FY21) quarter. Since then, it has underperformed the market by falling 3.4

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