SBI is an Indian public sector bank with the largest share i.e. 25% of the loans and deposits market and 23% market share by assets. It is one of the biggest employers in the market with over 2,50,000 employees. Its headquarters is based in Mumbai, Maharashtra.
SBI also has businesses in foreign countries like Australia, Bangladesh, Bahrain, Canada, China, Mauritius, and many more. The bank is working in 36 different countries in total.
SBI has always invested in different sectors of the Indian economy to boost the economy of India. It does that because it is a government bank and maintaining the economy is one of the responsibilities of the government. It is also act like a bank for banks, many private banks have accounts in this bank and SBI provides many services to them.
SBI Shares dropped recently after Hindenburg’s report on Adani stocks. And since then, investors are now worried on what they should do with their shares. In this post, we are going to discuss about SBI Share price target 2023 to 2030.
SBI in Recent News
- SBI chairman says the Bank is aiming to get 15% loan growth in FY23
- SBI sells KSK Mahanadi Power loan account for Rs 1,622 crore, to Aditya Birla ARC
- A branch dedicated to start-ups, SBI, Bengaluru
- Plan to raise Rs 10,000 crore through AT-1 bonds, SBI, HDFC bank
How to buy SBI Share in India?
You can buy shares of SBIN from various online brokers. Some of them are mentioned below:
SBI Price history: 1999 to 2022
SBI price history: 1999 to 2008
In 1999, the price of one share of SBI was 15 rupees. And did not cross 30 till 2003. In 2003 in
the second quarter, it skyrocketed and went to Rs 64 per share. From 2004 to 2008 we see a bull market till 1st Jan 2008 from Rs 64 to Rs 244 per share. In 2008 we see a crash in the market because of the great recession.
SBI Price history: 2009 to 2017
We can see that in 2009 it became a little stable and from 2010 to 2017 the chart goes in cycles.
We can see that there was no resistance broken and the price of the share remained between Rs 90 and Rs 350.
SBI’s last 5 Year Price history
In 2018 the market started at 314 points and today it is at an all-time high of 572 points in September of 2022. As we can see it has seen a huge dip in 2020. SBI closed 2022 trading at Rs.614.
SBI share price prediction 2023
|SBI Share Price target 2023||Maximum Price||Minimum Price|
In 2023, SBI share price is expected to see the bull going past 848 INR by the end of 2023. In January end and February, we saw a drop and it can go up until June. This could be because of the aftereffect of Hindenburg’s report on Adani Enterprises and that SBI had given loan to Adani. After all this settles, we might see a bull market from July till December.
For February 2023, we are bearish on SBI share price. The past 6 months saw a surge in SBI shares, and February and March could see a correction in SBI share. Post Union Budget 2023 and Hindenburg’s report on Adani Enterprises, we can already see the share price sliding down. SBI shares could drop to as low as Rs. 503.84 by the end of March 2023.
SBI share price prediction 2024
|When||Maximum Price||Minimum Price|
SBI bank share price is expected to experience significant growth in 2024. The share price is projected to increase from a minimum of 687.0106844 in January 2024 to a maximum of 2832.274879 in December 2024. This represents a substantial increase of over 300% in just one year. In the first half of the year, the prices are expected to be slightly more stable, with fluctuations ranging from 779.7193104 in May to 1216.362124 in April and June.
However, in the second half of the year, the prices are expected to experience significant growth, reaching a maximum of 2360.229066 in November and culminating in a maximum of 2832.274879 in December 2024. Overall, investors may expect a bullish trend for SBI bank shares in 2024, with the potential for substantial returns.
SBI share price prediction 2025
|When||Maximum Price||Minimum Price|
SBI bank share price is expected to continue its upward trajectory in 2025. The share price is projected to fluctuate between a minimum of 1665.538012 in April 2025 and a maximum of 2336.580863 in December 2025. Overall, the prices in 2025 are expected to be slightly more stable than in 2024, with fluctuations ranging from 1724.159433 in August and October to 1991.404145 in May and September.
In contrast, the first half of the year is expected to have slightly lower prices compared to the second half of the year, with the maximum price ranging from 1954.231267 in February to 2190.544559 in June. However, the prices are expected to increase steadily, with a maximum of 2336.580863 in December 2025, indicating a bullish trend for SBI bank shares for the second consecutive year. Investors can look forward to potentially significant returns in 2025.
I personally will be holding SBI shares till 2025.
SBI share price prediction 2023 to 2030
|Year WISE||Maximum Price||Minimum Price|
Currently, SBIN has corrected by more than 20% from its all-time high but it is expected to grow to 1000INR by the end of the February 2024. But the growth will not stop there and will continue to grow by more than 2800 points by the end of 2024.
2025 will remain stable we will not see a lot of fluctuation and we will see a drop in 2026.
This will be followed by a bullish graph in 2027 and can hit up to 4600INR by the end of the year.
In 2028 we can see a drop and which will heal till itself till 2029 and in 2030 we might see another bull which can the stock price to 5800 points.
SBI Financial Condition: Last 5 years
|Rs. In Crore||FY 2018||FY 2019||FY 2020||FY 2021||FY 2022|
|Net Interest Income||74,854||88,349||98,085||110,710||120,708|
|Total Operating Income||119,454||125,124||143,306||154,206||161,272|
|Total Operating Expenses||59,943||69,688||75,174||82,652||85,979|
The last 5 years of the company can be seen in the above statement. We can see a significant improvement in the last five years. In 2018 the company was at a loss of 6547 crores, but it grew, and now in 2022 has a profit of 31676 crores of rupees.
We can see a huge increase in depositors from 2,706,343 crores to 4,051,534 crores from 2018 to 2022.
Total advances have also increased from 1,934,880 crores in 2018 to 2,733,967 crores in 2022.
The performance of the company overall is great and it has seen a lot of profit. the current objectives of the company will continue to make it grow and prosper.
State bank of India Share Price Target by Experts
SBI Share Price Target by LKP Research
LKP Research has a positive outlook on State Bank of India and has given it a “buy” rating in its latest research report dated February 06, 2023. The target price for the stock has been set at Rs 663.
SBI Share Price Target by Sharekhan
Sharekhan, in its research report dated February 03, 2023, has given a buy rating to State Bank of India and set a target price of Rs 710, indicating a bullish outlook on the stock.
SBI Share Target by Emkay Global
Emkay has noted that despite a 13% decline from its all-time high, the SBI stock still holds potential and can potentially see a gain of up to Rs 171 per share.
SBI Price Target FAQs
What will be the share price of SBI in 2025?
The share price of SBI can go up to 1557 rupees. Compared to today’s price, it is more than 2X growth.
Is it a good time to invest in SBI?
Yes, as it will continue to grow this year. If you decide to invest in it, do not invest all your money at a time please invest in bits and pieces.
Is SBI undervalued or overvalued?
The current value of SBI compared to its past is considered a little overvalued.
Will SBI stock go up tomorrow?
Looking at the current trend, it will continue to grow tomorrow
What is the SBI share price prediction for 2030?
According to our SBI price prediction, SBI shares could reach Rs.5859.7639 by the end of 2030.
Can SBI reach 1000INR?
SBI shares can reach 1000INR by February 2024.
Final Conclusion: Should You Invest in SBI Shares in 2023?
SBI has shown a lot of growth in the past 5 years and its share has shown good performance in early 2023. We consider this a good investment in 2023. Over the years, we see a lot of growth potential in this largest public sector Indian bank.
If you decide to invest in the shares of SBI, please keep in mind the risks of the market, and please do not put all your money in one time invest in bits and pieces.
Your money is valuable please invest wisely. Do not put all your money in one go. Market will give opportunities. Wait and then invest.
Experts and Brokerage firms are bullish on SBI. LKP Research and Sharekhan have given a buy call with target of Rs. 663 and Rs. 710 respectively.
I am bullish on SBI because it has been constantly posting positive earning results, and revenue, profits are all increasing at a rapid pace.
Disclaimer: I personally hold SBI shares and would be adding more SBI shares to my portfolio around 500 levels.