Key Events This Week
09 Feb: New 52-week and all-time high at Rs.1,135.8
10 Feb: Record high of Rs.1,153.85 despite slight daily dip
11 Feb: Intraday high surge to Rs.1,180.55 with 3.26% gain
12 Feb: New 52-week high at Rs.1,197.95 amid market volatility
13 Feb: Week closes at Rs.1,198.80, up 0.53% on the day
Monday, 9 February 2026: Breakout to New Highs
State Bank of India opened the week with a strong gap up of 5.03%, closing at Rs.1,145.95, a 7.46% gain on the day. The stock reached an intraday 52-week and all-time high of Rs.1,136.85, reflecting robust buying interest. This surge outpaced the Sensex’s 1.04% gain and the public sector banking sector’s 3.6% rise, signalling SBI’s leadership within its segment. The stock traded above all key moving averages, confirming strong technical momentum. Institutional investors’ confidence was evident, with the stock’s market capitalisation reaching Rs.9,84,353 crores.
Tuesday, 10 February 2026: New Record Despite Slight Dip
On 10 February, SBI touched a new 52-week high of Rs.1,153.85, setting a fresh all-time peak. Although the stock closed marginally lower at Rs.1,144.10 (-0.16%), it maintained its position above critical moving averages. The Sensex gained 0.25% on the day, but SBI’s one-year return of 54.71% far outpaced the benchmark’s 9.20%. The bank’s quarterly profit after tax (PAT) of Rs.21,028.15 crores and net interest income (NII) of Rs.45,190.36 crores underpinned investor confidence. The market capitalisation expanded to Rs.10,57,783 crores, representing nearly half of the public sector banking sector’s total value.
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Wednesday, 11 February 2026: Sustained Momentum and Intraday Surge
SBI continued its upward trajectory on 11 February, hitting an intraday high of Rs.1,180.55 and closing with a 3.26% gain at Rs.1,183.00. This performance outpaced the Sensex, which was flat to slightly negative, and the public sector banking sector. The stock’s technical indicators remained bullish, trading above all major moving averages. The bank’s market capitalisation stood at Rs.10,56,075 crores, with institutional holdings steady at 37.53%. The Mojo Score of 71.0 and a Buy rating since August 2025 reflect the improved fundamentals and positive market sentiment.
Thursday, 12 February 2026: New 52-Week High Amid Market Volatility
On 12 February, SBI reached a new 52-week high of Rs.1,197.95, closing near this peak at Rs.1,192.50 (+0.80%). Despite the Sensex retreating 0.42%, SBI demonstrated resilience, supported by strong fundamentals including a low gross NPA ratio of 1.57% and record quarterly earnings. The market capitalisation rose to Rs.10,91,982 crores, representing 49.84% of the public sector banking sector. Valuation metrics showed a price-to-book value of 2 and a PEG ratio of 14.5, indicating a premium valuation reflecting high growth expectations.
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Friday, 13 February 2026: Week Closes on a Positive Note
SBI closed the week at Rs.1,198.80, up 0.53% on the day, maintaining its position near the week’s high. The Sensex declined 1.40%, underscoring SBI’s strong relative performance. The stock’s sustained gains over the week reflect confidence in the bank’s dominant market position, robust asset quality, and consistent earnings growth. Despite a premium valuation, the stock’s technical and fundamental strength have supported its outperformance.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.1,145.95 | +7.46% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.1,144.10 | -0.16% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.1,183.00 | +3.40% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.1,192.50 | +0.80% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.1,198.80 | +0.53% | 36,532.48 | -1.40% |
Key Takeaways
Strong Outperformance: SBI’s 12.42% weekly gain dwarfed the Sensex’s 0.54% decline, highlighting the stock’s leadership within the public sector banking space.
Multiple New Highs: The stock hit several 52-week and all-time highs, reflecting sustained buying interest and technical strength.
Robust Financials: Record quarterly PAT of Rs.21,028.15 crores and NII of Rs.45,190.36 crores, alongside a low gross NPA ratio of 1.57%, underpin the rally.
Premium Valuation: Price-to-book value of 2 and PEG ratio above 14 indicate the market is pricing in strong growth expectations, warranting cautious monitoring.
Institutional Confidence: Stable 37.53% institutional holdings and a Mojo Score of 71.0 with a Buy rating reflect positive market sentiment.
Conclusion
State Bank of India’s impressive 12.42% weekly gain amid a broadly flat to negative market environment underscores its dominant position and strong fundamentals. The stock’s consistent outperformance, multiple record highs, and robust earnings growth have attracted sustained investor interest. While valuation metrics suggest a premium, the bank’s low asset risk, significant market share, and institutional backing provide a solid foundation for its current price levels. Investors should remain attentive to the premium valuation and monitor earnings momentum as SBI continues to navigate the evolving banking landscape.
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