Key Events This Week
27 Jan: Stock opens strong at Rs.1,052.90 (+2.28%)
28 Jan: New 52-week and all-time high at Rs.1,058.1
29 Jan: Further 52-week high at Rs.1,070.55 amid sector outperformance
30 Jan: Stock peaks at Rs.1,081, closing the week on a strong note
27 January 2026: Strong Opening Day Boosts SBI
After no trading data on 26 January, SBI opened the week on 27 January at Rs.1,052.90, marking a robust gain of 2.28% from the previous Friday’s close of Rs.1,029.40. This strong start was accompanied by a volume of 814,550 shares and outpaced the Sensex’s 0.50% rise to 35,786.84 points. The positive momentum set the tone for the week, signalling renewed investor interest and confidence in the stock’s near-term prospects.
28 January 2026: New 52-Week and All-Time High at Rs.1,058.1
SBI reached a significant milestone on 28 January, touching a new 52-week and all-time high of Rs.1,058.1. Despite a marginal day change of -0.03% on the day, the stock’s price level underscored its sustained upward trajectory. The day’s close at Rs.1,062.80 represented a 0.94% gain from the previous session, supported by a volume of 816,186 shares. The Sensex also advanced strongly by 1.12% to 36,188.16 points, reflecting a broadly positive market environment. SBI’s performance, however, slightly underperformed its public sector bank sector peers by 0.89%, indicating some sector rotation dynamics at play.
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29 January 2026: SBI Extends Rally to Rs.1,070.55 Despite Market Dip
On 29 January, SBI continued its upward momentum, hitting another 52-week high at Rs.1,070.55, a 0.72% gain on the day. This marked the third consecutive day of gains, accumulating a 3.86% return over this period. The stock outperformed its sector by 0.35%, demonstrating relative strength amid a broadly negative market day where the Sensex declined by 0.49% to 36,266.59 points. Trading volume surged to 1,248,846 shares, reflecting heightened investor activity. Technical indicators remained favourable, with the stock trading above all key moving averages (5, 20, 50, 100, and 200-day), signalling sustained bullish momentum.
30 January 2026: New Peak at Rs.1,081 Caps Week on a High
SBI capped the week by reaching a new 52-week and all-time high of Rs.1,081 on 30 January, registering a day gain of 1.47%. This marked four consecutive days of gains, with a cumulative return of 4.82%. The stock outperformed its sector by 0.46% despite the Sensex closing lower by 0.22% at 36,185.03 points. Volume was lighter at 392,217 shares, but the price action confirmed strong underlying demand. The stock’s positioning above all major moving averages reinforced the technical strength and investor confidence. Over the past year, SBI has delivered a remarkable 41.71% return, significantly outpacing the Sensex’s 7.11% gain.
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| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-27 | Rs.1,052.90 | +2.28% | 35,786.84 | +0.50% |
| 2026-01-28 | Rs.1,062.80 | +0.94% | 36,188.16 | +1.12% |
| 2026-01-29 | Rs.1,064.50 | +0.16% | 36,266.59 | +0.22% |
| 2026-01-30 | Rs.1,077.55 | +1.23% | 36,185.03 | -0.22% |
Key Takeaways from the Week
Strong Price Momentum: SBI’s 4.68% weekly gain notably outpaced the Sensex’s 1.62%, driven by consistent daily advances and multiple new 52-week and all-time highs.
Technical Strength: The stock maintained a position above all major moving averages throughout the week, signalling robust technical support and sustained investor confidence.
Sector Outperformance: Despite some days of slight underperformance versus the public sector bank sector, SBI demonstrated relative strength on key days, particularly on 29 and 30 January, outperforming sector peers by up to 0.46%.
Volume Trends: Trading volumes peaked on 29 January with over 1.24 million shares, indicating strong market participation during the rally, before easing on the final day.
Mojo Score and Rating: SBI holds a Mojo Score of 67.0 with a ‘Hold’ rating, upgraded from ‘Sell’ in August 2025, reflecting improved fundamentals and market positioning.
Long-Term Outperformance: The stock’s one-year return of over 41% far exceeds the Sensex’s 7.11%, underscoring SBI’s resilience and leadership in the public sector banking space.
Conclusion: A Week Marked by Milestones and Momentum
State Bank of India’s performance during the week of 26 to 30 January 2026 was characterised by strong upward momentum, multiple record highs, and consistent outperformance relative to the broader market. The stock’s ability to sustain gains amid mixed market conditions and sector fluctuations highlights its robust fundamentals and technical strength. The upgrade in its Mojo rating to ‘Hold’ further supports the view of a stock that has improved its quality metrics while maintaining a balanced valuation. Investors observing SBI’s trajectory will note the significance of its recent milestones and the positive signals emanating from its price action and volume trends. Overall, SBI’s rally this week reinforces its position as a key player in India’s public sector banking industry, delivering substantial value over both short and long-term horizons.
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