Price & Technical Structure
- The stock has shown positive short-term returns, with a 1-day return of 0.55% and a 5-day return of 1.95%.
- The trend is currently bullish, indicated by a positive trend alignment score of 3 and the price being 2.30% above the 50-day moving average.
- Momentum is strong, with an RSI of 63.36 and a bullish MACD signal.
- Volatility is moderate, with the price positioned at 90.63% of the Bollinger Band width and an annualized volatility of 14.62%.
- The stock is trading 15.21% below its 52-week high and 31.74% above its 52-week low, with a current drawdown of -15.21%.
The stock exhibits a bullish technical setup with positive short-term returns and strong momentum, as evidenced by its RSI and MACD. The trend alignment score further supports a bullish outlook. While the price is approaching the upper Bollinger Band, it remains within a healthy range relative to its 52-week high and low. Volume analysis suggests a lack of significant conviction in the recent price action.
Weekly Momentum
- The stock price rose by 1.57% this week, continuing a positive trend with four consecutive positive weeks, driven by overall market sentiment and positive technical indicators.
- State Bank of India's board approved a significant fundraising plan of up to
60,000 crore via debt instruments for FY27, indicating strategic capital management.
- The stock is trading above its 50-day and 200-day moving averages, with the 50-week MA trending upwards, reinforcing a positive medium-term and long-term technical outlook.
- Momentum indicators are strong, with the RSI at 60.8 and the MACD histogram widening, suggesting increasing bullish momentum.
- State Bank of India will participate in the National Stock Exchange's IPO by divesting stakes, a move that could be part of India's largest public offering.
The stock experienced a positive week with a 1.57% price increase, supported by strong technical indicators including an upward trend, RSI above 60, and MACD showing increasing bullish momentum. The price remains above key moving averages (50-day and 200-day). Significant corporate events this week include the board's approval to raise up to
60,000 crore via debt instruments for FY27 and participation in the NSE's IPO. These developments suggest strategic financial planning and potential for future growth, while the technicals indicate sustained positive sentiment.
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.