State Bank of India stock: Investec keeps INR 1,390 target for State Bank of India stock

Published on 10/16/2026 at 16:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The NSE range was INR 883.00 to INR 1,234.70 on October 16, 2026. State Bank of India stock last stood at INR 962.60, up 0.27 percent on NSE.

Target, range and trading value

Investec maintained an INR 1,390 target for State Bank of India on October 6, 2026.
The NSE 52-week range was INR 883.00 to INR 1,234.70 on October 16, 2026.
State Bank of India stock last stood at INR 962.60 at 3:28 p.m. IST on October 16, 2026, up 0.27 percent versus the NSE prior close of INR 960.00.
State Bank of India traded at a P/E ratio of 10.31 and a market capitalization of INR 8.9 trillion.

SBI, INE062A01020, Illustration mit AI erstellt.

Investec maintained an INR 1,390 target for State Bank of India in an India banks results preview dated October 6, 2026, according to Exencial Research Partners. The target is 44.36 percent above the NSE price of INR 962.60. State Bank of India last stood at INR 962.60 at 3:28 p.m. IST on October 16, 2026, up 0.27 percent versus the NSE prior close of INR 960.00.

Target distance stays wide

The analyst view gives the stock a substantial distance to cover. State Bank of India was 22.03 percent below its NSE 52-week high of INR 1,234.70 and 9.01 percent above its low of INR 883.00 on October 16, 2026.

Valuation remains measurable

State Bank of India had a P/E ratio of 10.31 and a market capitalization of INR 8.9 trillion on October 16, 2026. The dividend yield was 0.02 percent, which is below the level used for a meaningful income comparison.

The bank's financial profile remains tied to domestic lending, corporate credit, deposits and treasury operations. Its primary listing is on the NSE, while the stock is also represented in the German market through euro quotations used by investors in Europe.

Comparison with peers

State Bank of India (NSE, INR): up 0.27 percent, P/E 10.31, market capitalization INR 8.9 trillion.
HDFC Bank (NSE, INR): up 0.28 percent, P/E 14.24, market capitalization INR 11.2 trillion.
ICICI Bank (NSE, INR): up 0.55 percent, P/E 18.06, market capitalization INR 10.0 trillion.

Price position for investors

The current level sits closer to the middle of the yearly range than to either boundary, with the stock still 22.03 percent below its high. The 10.31 P/E ratio is lower than the corresponding ratios of HDFC Bank and ICICI Bank, while the analyst target remains materially above the latest NSE price.

State Bank of India last stood at INR 962.60 on the NSE on October 16, 2026 at 3:28 p.m. IST, up 0.27 percent versus the NSE prior close of INR 960.00.