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

Published on 10/20/2026 at 17:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q1 FY27 net profit reached INR 241.13 billion. State Bank of India stock stood at INR 973.70 on October 19, 2026, up 1.15 percent on NSE.

Analyst target and earnings

Investec kept its INR 1,390 target for State Bank of India on October 6, 2026.
Q1 FY27 net profit reached INR 241.13 billion, according to a summary dated October 6, 2026.
State Bank of India stock last stood at INR 973.70 on October 19, 2026, up 1.15 percent on NSE.
State Bank of India is expected to announce second-quarter results on November 5, 2026.

SBI, INE062A01020, Illustration mit AI erstellt.

Investec's October 6, 2026 note kept its Buy view and INR 1,390 target for State Bank of India, according to a report dated October 13, 2026 by Substack. The target stood 42.75 percent above the NSE price of INR 973.70, based on the October 19, 2026 quote. The NSE quote last stood at INR 973.70 on October 19, 2026 at 3:29 p.m. IST, up 1.15 percent from INR 962.60.

Q1 FY27 profit sets the earnings base

State Bank of India's first-quarter net profit reached INR 241.13 billion, up 13.70 percent year over year, while revenue rose 7.80 percent to INR 180.06 billion, according to a Q1 FY27 summary dated October 6, 2026 by Quartrly. Management guided fiscal 2027 credit growth at 14.00 to 15.00 percent, while domestic net interest margin held at 3.00 percent.

Stock sits inside its yearly range

The October 19 NSE quote placed the stock at INR 973.70, between its 52-week low of INR 900.95 and high of INR 1,234.70. The latest market capitalization was INR 9.0 trillion, and volume reached 15,079,976 shares. The price-to-earnings ratio was 10.43, while the trailing dividend yield was 0.02 percent.

Valuation meets a November date

The bank is expected to announce its second-quarter results on November 5, 2026, according to Equitymaster. That date gives the INR 1,390 target a near-term test: the bank's next reported quarter will show whether the 13.70 percent first-quarter profit growth was sustained.

Comparison with peers

On October 19, 2026, the comparable NSE figures were:

State Bank of India: up 1.15 percent, P/E 10.43, market capitalization INR 9.0 trillion.
HDFC Bank (NSE, INR): down 2.31 percent, P/E 13.72, market capitalization INR 11.0 trillion.
ICICI Bank (NSE, INR): down 1.15 percent, P/E 16.96, market capitalization INR 9.9 trillion.

Target distance and trading level

Investec's INR 1,390 target remains the clearest valuation marker in the recent coverage, while the October 19 quote was 21.15 percent below the 52-week high of INR 1,234.70? This calculation is not valid because the quote was below the high by 21.15 percent only if computed as (1,234.70 - 973.70) / 1,234.70. The correct distance is 21.14 percent. The next results date and the bank's credit-growth guidance therefore provide the next dated reference points for the valuation.