Stocks / State Bank of India (SBIN)

SBIN Share Price, Analysis & News

State Bank of India (SBIN) — Updated on 2026-05-08

State Bank of India, operating within the regional banks sector, is an India-based provider of banking and financial services. The company offers a comprehensive suite of products and services tailored for individuals, commercial enterprises, corporates, public bodies, and institutional customers. Investors closely monitor the State Bank of India share price to understand its market performance and financial health. Analyzing the State Bank of India business model provides insights into its operational strategies and revenue generation. Key factors influencing investor decisions include the bank's fundamental performance, earnings reports, and broader trends within the regional banking industry.
Overview Daily Weekly Quarterly

Key Takeaway

SBIN shares plunged 7% despite beating profit estimates, driven by a 16% drop in operating profit and contracting net interest margins, signaling ongoing margin pressure.

Daily

2026-05-08
  • State Bank of India (SBI) reported a standalone net profit of ₹19,684 crore for the March quarter, a 6% year-over-year increase that surpassed analyst expectations, alongside a dividend of ₹17.35 per share. However, the stock experienced a significant 7% drop following the results, attributed to a 16% year-over-year fall in operating profit and a contraction in Net Interest Margins (NIMs) by 21 basis points, indicating margin pressure despite the profit beat.
  • Despite the positive headline profit figure, the market reacted negatively to SBI's Q4 earnings due to a decline in operating profit and contracting NIMs, which suggests underlying challenges in profitability and interest income generation. This divergence between reported profit and operational performance implies that while the bank managed costs effectively or benefited from other income, its core lending business faced headwinds.
  • The company's fundamentals show robust growth, with revenue increasing by 4.762% YoY to ₹130,590 Cr and net profit surging by 13.816% YoY to ₹22,176 Cr in the December 2025 quarter. Earnings Per Share (EPS) also saw a healthy 9.328% YoY rise to ₹23.09, indicating strong operational efficiency and profitability improvements.
  • Technically, the stock is exhibiting a bearish short-term trend, with its price trading below the 9-day and 21-day EMAs and showing a -5.46% distance from the 50-day moving average. Momentum indicators are weak, with an RSI of 38.0 and a bearish MACD signal, suggesting that the recent price decline is supported by technical indicators pointing towards further weakness.
  • Analysts maintain a strong positive outlook on SBI, with 89.5% of ratings being 'Strong Buy' or 'Buy', and the remaining 10.5% holding a 'Hold' rating, with no 'Sell' recommendations. This consistent analyst sentiment, unchanged over the past month, suggests that the current technical weakness may be viewed as a temporary setback by experts, who largely remain optimistic about the company's long-term prospects.
  • Institutional investors (FIIs + DIIs) hold 37.52% of SBI's shares, and promoters maintain a dominant 55.52% stake, reflecting a concentrated ownership structure. A slight QoQ increase of 0.14% in institutional holdings suggests growing confidence from large investors, despite the recent stock price volatility.
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Weekly

Latest weekly signal
  • The stock price declined 4.51% this week as the market reacted to the fiscal fourth-quarter earnings report, despite the bank achieving record annual net profit.
  • Trading activity surged with volume increasing by 65.75% compared to the previous week, reflecting heightened market participation during the price pullback.
  • Momentum indicators shifted to a bearish stance, with the MACD (a tool tracking the relationship between two moving averages) showing a crossover as the line fell below the signal line.
  • The bank declared a dividend of ₹17.35 per equity share for the financial year ended March 31, 2026, with a record date set for May 16, 2026.
  • The stock is currently trading 5.25% below its 50-day moving average, indicating a period of consolidation as the price tests this dynamic support level.
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Quarterly

fy26-q4
  • Income declined slightly QoQ (-2.46%) but grew YoY (+0.85%), indicating recent softness within a longer-term growth trend. Other Income decreased both QoQ (-9.19%) and YoY (-4.88%), suggesting a drag on overall revenue composition. Tax Expense saw a significant decline QoQ (-27.8%) and YoY (-15.0%), which would typically support profitability. Asset quality remained exceptionally strong, with Gross NPAs and Net NPAs reported at 0.0 Unit less. The CET 1 Ratio remained stable at 0.0 Unit less, indicating continued capital strength.
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Price & Technical Structure

  • Short-term returns show a negative trend with a 1-day return of -6.57% and a 3-month return of -0.82%.
  • The stock is trading below its 9-day and 21-day EMAs, indicating a bearish short-term trend, with a distance of -5.46% from the 50-day moving average.
  • Momentum indicators suggest weakness, with an RSI of 38.0 and a bearish MACD signal.
  • Volatility is elevated, with the price trading below the lower Bollinger Band and a significant negative price position within the bands (-16.18%).
  • The stock is positioned 17.08% below its 52-week high and is experiencing a current drawdown of -17.08%. The volume percentile is at 100.0, indicating high recent volume compared to the past 6 months.
The stock exhibits a bearish short-term trend, evidenced by negative returns and prices trading below key EMAs. Momentum is weak, with RSI below 40 and a bearish MACD. Elevated volatility and significant distance from the 52-week high, coupled with a notable drawdown, suggest a challenging market environment. Despite the bearish technicals, extremely high recent volume relative to the past 6 months warrants attention, though it does not currently signal conviction in an upward move.

Weekly Momentum

  • The stock price declined 4.51% this week as the market reacted to the fiscal fourth-quarter earnings report, despite the bank achieving record annual net profit.
  • Trading activity surged with volume increasing by 65.75% compared to the previous week, reflecting heightened market participation during the price pullback.
  • Momentum indicators shifted to a bearish stance, with the MACD (a tool tracking the relationship between two moving averages) showing a crossover as the line fell below the signal line.
  • The bank declared a dividend of ₹17.35 per equity share for the financial year ended March 31, 2026, with a record date set for May 16, 2026.
  • The stock is currently trading 5.25% below its 50-day moving average, indicating a period of consolidation as the price tests this dynamic support level.
The week was defined by a disconnect between strong annual financial performance and immediate market price action. While the bank reported its highest-ever annual net profit of ₹80,032 crore, the stock price faced downward pressure, closing 4.51% lower. This decline was accompanied by a significant 65.75% surge in trading volume, suggesting that investors were actively adjusting positions following the earnings release. Technically, the stock is in a consolidation phase, trading below its 50-day moving average with weakening momentum as indicated by the bearish MACD crossover. Despite the recent price volatility, the bank remains committed to shareholder returns, having declared a dividend of ₹17.35 per share.

Quarterly Analysis

Income declined slightly QoQ (-2.46%) but grew YoY (+0.85%), indicating recent softness within a longer-term growth trend.
Other Income decreased both QoQ (-9.19%) and YoY (-4.88%), suggesting a drag on overall revenue composition.
Tax Expense saw a significant decline QoQ (-27.8%) and YoY (-15.0%), which would typically support profitability.
Asset quality remained exceptionally strong, with Gross NPAs and Net NPAs reported at 0.0 Unit less.
The CET 1 Ratio remained stable at 0.0 Unit less, indicating continued capital strength.
The bank's performance this quarter shows a mixed picture with recent sequential declines in income and other income, but sustained year-over-year growth in total income. Strong asset quality and stable capital ratios provide a foundation of resilience.
Income for the quarter was reported at 181,079.02 Crores. This represents a decrease of 2.46% compared to the previous quarter. However, year-over-year, Income increased by 0.85% from the same quarter last year. This shows recent sequential softness but a positive structural trend.

Other Income, which is a component of total revenue, was 49,998.90 Crores. This metric decreased by 9.19% from the prior quarter and also saw a decrease of 4.88% compared to the same quarter last year. The decline in Other Income suggests a potential shift in revenue composition.

Tax Expense for the quarter was 5,914.21 Crores. This was a significant decrease of 27.8% from the previous quarter and a 15.0% decrease from the same quarter last year. A lower tax expense generally benefits profitability.

Asset quality indicators remained exceptionally strong. The Percentage Of Gross NPA was reported at 0.0 Unit less, and the Percentage Of NPA was also 0.0 Unit less as of March 31, 2026. These figures were consistent with the previous quarter and the same quarter last year, indicating robust credit risk management.

The CET 1 Ratio stood at 0.0 Unit less as of March 31, 2026. This ratio remained stable compared to the previous quarter and the same quarter last year, indicating resilience in the bank's capital adequacy.