SBI Share price target 2023, 2024, 2025 Till 2030: Can SBI reach 1000INR?

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 share price target

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:

Zerodha Click here
Upstox Click here
Groww Click here
AngelOne Click here
ICICIDirect Click here

SBI Price history: 1999 to 2022

SBI price history: 1999 to 2008

SBI Price history

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

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

SBI Price history: 2009 to 2017

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
February 2023 572.4 486.4615385
March 2023 573.3 503.8461538
April 2023 521.73 401.3307692
May 2023 484.775 334.4423077
June 2023 521.73 401.3307692
July 2023 626.076 481.5969231
August 2023 688.6836 529.7566154
September 2023 723.11778 556.2444462
October 2023 688.6836 529.7566154
November 2023 757.55196 582.7322769
December 2023 848.4581952 652.6601502

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
January 2024 893.1138897 687.0106844
February 2024 1003.498752 836.2489604
March 2024 1337.998337 1087.803526
April 2024 1216.362124 935.6631725
May 2024 1013.635103 779.7193104
June 2024 1216.362124 935.6631725
July 2024 1459.634549 1131.49965
August 2024 1605.598004 1274.28413
September 2024 1685.877904 1296.829157
October 2024 1983.38577 1525.681361
November 2024 2360.229066 1815.56082
December 2024 2832.274879 2178.672984

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
January 2025 2457.085545 1870.077768
February 2025 1954.231267 1776.573879
March 2025 2051.942831 1865.402573
April 2025 1832.091813 1665.538012
May 2025 1991.404145 1810.367404
June 2025 2190.544559 1991.404145
July 2025 2086.232914 1896.575376
August 2025 1896.575376 1724.159433
September 2025 1991.404145 1810.367404
October 2025 1896.575376 1724.159433
November 2025 2086.232914 1896.575376
December 2025 2336.580863 2124.164421

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
2023 848 334.4423077
2024 2832.274879 779
2025 2457.085545 1870.077768
2026 1557.720575 1246.718512
2027 4673.161726 3740.155536
2028 3222.870156 2579.417611
2029 3867.444187 3095.301133
2030 5859.76392 4689.850201

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
Deposits 2,706,343 2,911,386 3,241,621 3,681,277 4,051,534
Advances 1,934,880 2,185,877 2,325,290 2,449,498 2,733,967
Investments 1,060,987 967,022 1,046,955 1,351,705 1,481,445
Total Assets 3,454,752 3,680,914 3,951,394 4,534,430 4,987,597
Interest Income 220,499 242,869 257,324 265,151 275,457
Interest Expenses 145,646 154,520 159,239 154,441 154,750
Net Interest Income 74,854 88,349 98,085 110,710 120,708
Non-Interest Income 44,601 36,775 45,221 43,496 40,564
Total Operating Income 119,454 125,124 143,306 154,206 161,272
Staff Expenses 33,179 41,055 45,715 50,936 50,144
Overhead Expenses 26,765 28,633 29,459 31,716 35,836
Total Operating Expenses 59,943 69,688 75,174 82,652 85,979
Operating Profit 59,511 55,436 68,133 71,554 75,292
Total Provisions 66,058 54,574 53,645 51,144 36,198
Net Profit -6,547 862 14,488 20,410 31676*

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.

Also read:

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.

Author: Fadil

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