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 also acts like a bank for banks, many private banks have accounts in this bank and SBI provides many services to them.
In this post, we will discuss the SBI Share price target 2024 to 2030.
As of June 8th, 2024, SBI is trading at ₹ 830 with a market cap of ₹ 7,40,698 Cr.
State Bank of India’s Q3 FY 2024 Financial Highlights
- Standalone Net Profit Decline: SBI’s Q3 net profit dropped by 35% to Rs 9,163 crore, missing estimates.
- Exceptional Item Impact: A one-time exceptional item of Rs 7,100 crore contributed to the profit decline.
- Net Interest Income (NII): NII stood at Rs 39,815 crore, slightly below the estimated Rs 40,304 crore.
- Asset Quality: Gross NPA ratio decreased to 2.42%, and net NPA improved to 0.64%.
- Total Income Increase: Total income rose to Rs 1,18,193 crore, with interest income at Rs 1,06,734 crore.
- Consolidated Performance: SBI Group’s consolidated net profit declined 29% to Rs 11,064 crore.
- Strategic Acquisition: SBI acquired a 20% stake in SBI Pension Funds, increasing its stake to 80%.
- Market Reaction: SBI shares closed at Rs 650.40 on BSE on February 2, following the results.
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
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 saw 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’s Price history
| When | Maximum Price | Minimum Price |
| June 2024 | 896.40 | 779.48 |
| July 2024 | 887.44 | 771.68 |
| August 2024 | 922.93 | 802.55 |
| September 2024 | 959.85 | 834.65 |
| October 2024 | 941.03 | 818.29 |
| November 2024 | 969.26 | 842.84 |
| December 2024 | 993.49 | 863.91 |
The projected SBI share price targets for 2024 indicate fluctuations, with a high of ₹993.49 in December and a low of ₹771.68 in July, showing a steady upward trend throughout the year.
| When | Maximum Price | Minimum Price |
| January 2025 | 1,013.36 | 779.51 |
| February 2025 | 1,039.35 | 799.50 |
| March 2025 | 1,079.88 | 830.68 |
| April 2025 | 1,058.71 | 814.39 |
| May 2025 | 1,027.87 | 790.67 |
| June 2025 | 1,074.12 | 826.25 |
| July 2025 | 1,053.06 | 810.05 |
| August 2025 | 1,085.63 | 835.10 |
| September 2025 | 1,123.63 | 864.33 |
| October 2025 | 1,152.84 | 886.80 |
| November 2025 | 1,181.66 | 908.97 |
| December 2025 | 1,211.21 | 931.70 |
The SBI share price targets for 2025 show an upward trajectory, reaching a high of ₹1,211.21 in December, with fluctuations between ₹779.51 in January and ₹931.70 in December.
| When | Maximum Price | Minimum Price |
| January 2026 | 1,247.54 | 959.65 |
| February 2026 | 1,279.53 | 984.25 |
| March 2026 | 1,329.43 | 1,022.64 |
| April 2026 | 1,303.37 | 1,002.59 |
| May 2026 | 1,265.40 | 973.39 |
| June 2026 | 1,322.35 | 1,017.19 |
| July 2026 | 1,296.42 | 997.24 |
| August 2026 | 1,336.51 | 1,028.09 |
| September 2026 | 1,383.29 | 1,064.07 |
| October 2026 | 1,419.26 | 1,091.74 |
| November 2026 | 1,454.74 | 1,119.03 |
| December 2026 | 1,491.11 | 1,147.01 |
| When | Maximum Price | Minimum Price |
| January 2027 | 1,520.93 | 1,169.95 |
| February 2027 | 1,559.93 | 1,199.94 |
| March 2027 | 1,620.76 | 1,246.74 |
| April 2027 | 1,588.98 | 1,222.30 |
| May 2027 | 1,542.70 | 1,186.70 |
| June 2027 | 1,612.13 | 1,240.10 |
| July 2027 | 1,580.51 | 1,215.78 |
| August 2027 | 1,629.40 | 1,253.38 |
| September 2027 | 1,686.43 | 1,297.25 |
| October 2027 | 1,730.27 | 1,330.98 |
| November 2027 | 1,773.53 | 1,364.25 |
| December 2027 | 1,817.87 | 1,398.36 |
| When | Maximum Price | Minimum Price |
| January 2028 | 1,854.23 | 1,426.33 |
| February 2028 | 1,901.77 | 1,462.90 |
| March 2028 | 1,975.94 | 1,519.95 |
| April 2028 | 1,937.19 | 1,490.15 |
| May 2028 | 1,880.77 | 1,446.75 |
| June 2028 | 1,965.41 | 1,511.85 |
| July 2028 | 1,926.87 | 1,482.21 |
| August 2028 | 1,986.46 | 1,528.05 |
| September 2028 | 2,055.99 | 1,581.53 |
| October 2028 | 2,109.44 | 1,622.65 |
| November 2028 | 2,162.18 | 1,663.22 |
| December 2028 | 2,216.24 | 1,704.80 |
| When | Maximum Price | Minimum Price |
| January 2029 | 2,260.56 | 1,738.89 |
| February 2029 | 2,318.52 | 1,783.48 |
| March 2029 | 2,408.95 | 1,853.03 |
| April 2029 | 2,361.71 | 1,816.70 |
| May 2029 | 2,292.92 | 1,763.79 |
| June 2029 | 2,396.10 | 1,843.16 |
| July 2029 | 2,349.12 | 1,807.02 |
| August 2029 | 2,421.78 | 1,862.90 |
| September 2029 | 2,506.54 | 1,928.11 |
| October 2029 | 2,571.71 | 1,978.24 |
| November 2029 | 2,636.00 | 2,027.69 |
| December 2029 | 2,701.90 | 2,078.39 |
| When | Maximum Price | Minimum Price |
| January 2030 | 2,755.94 | 2,119.95 |
| February 2030 | 2,826.60 | 2,174.31 |
| March 2030 | 2,936.84 | 2,259.11 |
| April 2030 | 2,879.26 | 2,214.81 |
| May 2030 | 2,795.39 | 2,150.30 |
| June 2030 | 2,921.19 | 2,247.07 |
| July 2030 | 2,863.91 | 2,203.01 |
| August 2030 | 2,952.48 | 2,271.14 |
| September 2030 | 3,055.82 | 2,350.63 |
| October 2030 | 3,135.27 | 2,411.75 |
| November 2030 | 3,213.65 | 2,472.04 |
| December 2030 | 3,293.99 | 2,533.84 |
SBI Financial Condition: Last 5 years
| Year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|
| Revenue (in Crore INR) |
253,322 | 269,852 | 278,115 | 289,973 | 350,845 |
| Interest
(in Crore INR) |
155,867 | 161,124 | 156,010 | 156,194 | 189,981 |
| Expenses
(in Crore INR) |
166,104 | 172,909 | 192,821 | 197,349 | 204,303 |
| Financing Profit
(in Crore INR) |
-68,649 | -64,181 | -70,715 | -63,570 | -43,439 |
| Financing Margin % | -27% | -24% | -25% | -22% | -12% |
| Other Income (in Crore INR) |
77,365 | 98,159 | 107,222 | 117,000 | 122,534 |
| Depreciation (in Crore INR) |
3,496 | 3,662 | 3,711 | 3,691 | 3,696 |
| Profit before tax (in Crore INR) |
5,220 | 30,317 | 32,796 | 49,739 | 75,399 |
| Tax % | 41% | 40% | 26% | 27% | 25% |
| Net Profit (in Crore INR) |
3,351 | 21,140 | 23,888 | 37,183 | 57,750 |
| EPS in Rs (in Crore INR) |
2.58 | 22.15 | 25.11 | 39.64 | 62.35 |
| Dividend Payout % | 0% | 0% | 16% | 18% | 18% |
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:
FAQs
By 2025, the share price of SBI could potentially reach ₹1,211.21. Compared to the current price of ₹830.
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. According to indicators such as Stochastic RSI, trend line, etc, the stock is predicted to go down for a bit and shoot up again at more than the position it is currently in, so it is suggested to buy the shares now to enjoy the gains in the future.
According to our SBI price prediction, SBI shares could reach ₹3,293.99 by the end of 2030.
Can SBI reach 1000 INR?
SBI shares can reach 1000 INR by 2025.
The State Bank of India (SBI) exhibits positive signs for investment in 2024, with a strong financial foundation, strategic acquisitions, and a pivotal role in the Indian economy. The projected growth in share prices, coupled with the bank’s market presence, makes it an attractive investment prospect. However, prudent decision-making, ongoing market analysis, and a diversified approach are essential for navigating potential risks. In considering an investment in SBI, stakeholders should carefully assess current market conditions, staying informed and adaptable to ensure a well-informed and strategic investment strategy.
Disclaimer: I hold SBI shares and will be adding more SBI shares to my portfolio around Rs.550 levels. We are not a SEBI registered advisor and this article is just for educational purposes and by no means an investment advice.
Last updated: 8th June 2024
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