{"id":63392,"date":"2022-09-14T16:28:00","date_gmt":"2022-09-14T10:58:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=63392"},"modified":"2022-09-14T16:25:29","modified_gmt":"2022-09-14T10:55:29","slug":"largecap-bank-stock-reaches-all-time-high-jm-financial-sees-further-upside","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/largecap-bank-stock-reaches-all-time-high-jm-financial-sees-further-upside\/","title":{"rendered":"Largecap Bank Stock reaches all time high; JM Financial sees further upside\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2157860138\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Banking major, State Bank of India (SBI) Limited\u2019s shares reached a lifetime high of \u20b9 574.85 apiece on the National Stock Exchange (NSE). The shares surged 3.02% on Wednesday\u2019s trades.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2863593292\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The public sector lender stood seventh in the overall market cap ranking with a market cap of over \u20b9 5 lakh crores on Wednesday\u2019s trades. With this SBI has become the third lender after HDFC Bank and ICICI Bank to cross a market capitalization of \u20b9 5 lakh crores.&nbsp;<\/p><p>SBI has outperformed the market in the past three months. The bank\u2019s shares surged 28% in the past three months as against a 15% rise in the benchmark indices.&nbsp;<\/p><p>JM Financial has a buy call on the shares of the bank with a target price of \u20b9 660 per share. This implies an upside of 15.16% as compared to the current share price of \u20b9 573.10. They said that SBI is likely to be the key beneficiary of the system uptick in credit demand, led by corporate credit growth.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-4177310945\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>In addition, they mentioned in their report that SBI\u2019s core fundamentals continue to be on a strong footing and improvement in systemic growth should drive incremental re-rating for the stock.&nbsp;<\/p><p>\u201cAfter Covid, infrastructure sector is expected to push the Indian economy and hence market is expecting huge corporate demand. As SBI is largest corporate funding bank in India, stock market has gone bullish on the stock,&#8221; said Ravi Singhal, CEO at GCL Securities.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-24435292\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Banking major, State Bank of India (SBI) Limited\u2019s shares reached a lifetime high of \u20b9 574.85 apiece on the National Stock Exchange (NSE). The shares surged 3.02% on Wednesday\u2019s trades.&nbsp; The public sector lender stood seventh in the overall market cap ranking with a market cap of over \u20b9 5 lakh crores on Wednesday\u2019s trades. [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":31772,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[2508,3912,2165,4842,3153,4178,4183,3157,3158],"class_list":["post-63392","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-bank-stocks","tag-multibagger-stock-to-watch","tag-sbi","tag-sbi-price-targets","tag-stock-to-buy","tag-stock-to-buy-in-2022","tag-stock-to-trade","tag-stock-to-watch","tag-stock-to-watch-in-2022"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Largecap Bank Stock reaches all time high; JM Financial sees further upside\u00a0 - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/?p=63392\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Largecap Bank Stock reaches all time high; JM Financial sees further upside\u00a0\" \/>\n<meta property=\"og:description\" content=\"Banking major, State Bank of India (SBI) Limited\u2019s shares reached a lifetime high of \u20b9 574.85 apiece on the National Stock Exchange (NSE). 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