Buy State Bank of India, target price Rs 1,030: Axis Securities
Axis Securities has given a 'buy' rating for State Bank of India (SBI) stock, setting a target price of ₹1030. SBI recently reported a strong quarterly profit of ₹19782.76 crore, with total income up over 13% year-over-year. Axis Securities believes SBI is well-positioned for growth due to its healthy capital position and improving asset quality.