Key Events This Week
Jan 20: New 52-week and all-time high at Rs.1,051.90
Jan 22: Stock hits fresh 52-week high of Rs.1,055.35
Jan 22: All-time high marked with strong intraday volatility
Jan 23: Week closes at Rs.1,029.40 (-1.80% on day)
Jan 19: Week Begins with Mild Decline Amid Market Weakness
State Bank of India opened the week at Rs.1,038.20, down 0.39% from the previous close. The stock’s decline was in line with the broader market, as the Sensex fell 0.49% to 36,650.97. Trading volume was moderate at 270,858 shares, reflecting cautious investor sentiment. The day’s performance set a subdued tone for the week, with SBI navigating a challenging market environment.
Jan 20: New 52-Week and All-Time High at Rs.1,051.90
On 20 January, SBI achieved a significant milestone by hitting a new 52-week and all-time high of Rs.1,051.90. This peak represented a 1.02% gain on the day, contrasting with the Sensex’s 0.34% decline to 35,984.65. The stock outperformed its sector peers by 0.74%, supported by strong technical indicators including trading above all key moving averages (5-day, 20-day, 50-day, 100-day, and 200-day). Intraday volatility was elevated at 46.42%, signalling active trading interest. This rally underscored SBI’s resilience amid a broadly negative market backdrop and highlighted its sustained upward momentum over the past year, with a 34.62% gain compared to the Sensex’s 7.65%.
Our latest weekly pick is out! This Large Cap from Steel/Sponge Iron/Pig Iron delivered with target price and complete analysis. See what makes this week's selection special!
- - Latest weekly selection
- - Target price delivered
- - Large Cap special pick
See This Week's Special Pick →
Jan 21: Profit Taking Leads to 0.87% Decline
Following the previous day’s highs, SBI’s stock price corrected to Rs.1,028.15, a decline of 0.87%. This pullback coincided with a broader market downturn, as the Sensex fell 0.47% to 35,815.26. Volume surged to 546,284 shares, indicating increased selling pressure. The dip reflected short-term profit booking after the recent rally, though the stock remained above key moving averages, maintaining its overall positive technical posture.
Jan 22: Fresh 52-Week High of Rs.1,055.35 Amid Renewed Buying
SBI rebounded strongly on 22 January, reaching a new 52-week high intraday of Rs.1,055.35, closing at Rs.1,048.25, up 1.95%. This surge outpaced the Sensex’s 0.76% gain to 36,088.66 and outperformed the sector by 1.28%. The day was marked by high intraday volatility of 97.81%, reflecting active trading and investor enthusiasm. The stock’s position above all major moving averages reinforced the bullish trend. This rally followed a three-day decline, signalling a clear trend reversal and renewed momentum for the banking giant. The one-year price appreciation now stood at 39.04%, significantly ahead of the Sensex’s 7.70%.
Jan 23: Week Ends with Sharp 1.80% Drop on Profit Booking
The week concluded with a notable 1.80% decline in SBI’s stock price to Rs.1,029.40, amid a broader market sell-off where the Sensex fell 1.33% to 35,609.90. Volume moderated to 453,196 shares. The drop reflected profit booking following the recent highs and increased market volatility. Despite the day’s loss, SBI outperformed the Sensex on a weekly basis, demonstrating relative strength in a challenging environment.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-19 | Rs.1,038.20 | -0.39% | 36,650.97 | -0.49% |
| 2026-01-20 | Rs.1,037.15 | -0.10% | 35,984.65 | -1.82% |
| 2026-01-21 | Rs.1,028.15 | -0.87% | 35,815.26 | -0.47% |
| 2026-01-22 | Rs.1,048.25 | +1.95% | 36,088.66 | +0.76% |
| 2026-01-23 | Rs.1,029.40 | -1.80% | 35,609.90 | -1.33% |
Considering State Bank of India? Wait! SwitchER has found potentially better options in and beyond. Compare this large-cap with top-rated alternatives now!
- - Better options discovered
- - + beyond scope
- - Top-rated alternatives ready
Key Takeaways from the Week
Positive Signals: SBI’s ability to hit new 52-week and all-time highs twice during the week (Rs.1,051.90 on 20 Jan and Rs.1,055.35 on 22 Jan) highlights strong underlying momentum and investor confidence. The stock consistently traded above all major moving averages, signalling robust technical strength. Relative outperformance versus the Sensex, which declined 3.31% over the week, underscores SBI’s resilience amid broader market weakness. The upgrade in Mojo Grade from Sell to Hold in August 2025 continues to reflect improved fundamentals and market sentiment.
Cautionary Signals: The week ended with a sharp 1.80% decline on 23 January, reflecting profit booking and increased volatility. Elevated intraday volatility on key rally days (up to 97.81%) suggests heightened trading activity that could lead to short-term price swings. The broader market’s weakness and consecutive daily declines earlier in the week indicate ongoing macroeconomic or sectoral pressures that may impact near-term performance.
Conclusion: A Week of Milestones Amid Market Volatility
State Bank of India’s week was characterised by significant price milestones and mixed market dynamics. The stock’s new 52-week and all-time highs reaffirm its leadership position in the public sector banking space and reflect sustained investor interest. Despite ending the week with a modest decline, SBI outperformed the Sensex by a notable margin, demonstrating relative strength in a challenging environment. Technical indicators remain favourable, supported by a stable Mojo Score of 67.0 and a Hold rating. Investors should note the elevated volatility and profit-taking tendencies observed late in the week, which may influence short-term price movements. Overall, SBI’s performance this week highlights its resilience and capacity to navigate market fluctuations while maintaining a positive long-term trajectory.
Upgrade at special rates, valid only for the next few days. Claim Your Special Rate →
