State Bank of India Hits New 52-Week High at Rs.1009.3

Strong Momentum Drives Stock to New Heights

The stock has demonstrated consistent gains over the past four trading sessions, delivering a cumulative return of 4.24% during this period. On the day it hit the new high, SBI outperformed its sector peers by 0.35%, underscoring its relative strength within the Public Sector Bank industry. The intraday high of Rs. 1009.3 represents a 2.5% increase from the previous close, signalling robust buying interest and positive sentiment among market participants.

Notably, SBI’s price is trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning suggests a sustained bullish trend and reinforces the stock’s upward trajectory over multiple time horizons.

Sector and Market Context

The broader Public Sector Bank sector has also experienced gains, with the Bank - Public index rising by 2.56% on the same day. This sectoral strength has provided a supportive backdrop for SBI’s rally. Meanwhile, the Sensex opened flat but gained momentum to close 502.65 points higher at 85,762.01, a 0.67% increase. The benchmark index is currently trading just 0.46% below its own 52-week high of 86,159.02, reflecting a generally positive market environment.

Mid-cap stocks led the market advance, with the BSE Mid Cap index gaining 0.97%, indicating broad-based participation in the rally. The Sensex’s position above its 50-day moving average, which itself is above the 200-day moving average, further confirms the prevailing bullish market conditions.

Year-on-Year Performance and Valuation Metrics

Over the past year, State Bank of India has delivered a total return of 24.76%, significantly outperforming the Sensex’s 7.28% gain over the same period. This outperformance highlights SBI’s resilience and ability to generate shareholder value amid a competitive banking landscape.

Despite the recent rally, the stock’s market capitalisation grade remains at 1, indicating a large-cap status with substantial market presence. The Mojo Score for SBI currently stands at 67.0, reflecting a Hold rating, which was upgraded from Sell on 11 Aug 2025. This upgrade signals an improvement in the stock’s overall quality and market perception, although it remains in a moderate rating category.

Price Range and Technical Indicators

The stock’s 52-week low was recorded at Rs. 679.65, illustrating a substantial price appreciation of nearly 48.5% from that level to the current high. This wide trading range over the past year underscores the stock’s volatility but also its capacity for significant gains.

Technical indicators remain supportive, with the stock maintaining a position above all major moving averages. This alignment typically suggests sustained buying interest and a positive trend outlook from a technical perspective.

Summary of Key Market Data

On 2 Jan 2026, SBI’s stock price reached Rs. 1009.3, setting a new 52-week and all-time high. The stock’s day change was a positive 1.49%, outperforming the Public Sector Bank sector’s gain of 2.56%. The Sensex’s strong performance and the mid-cap rally provided a conducive environment for SBI’s price appreciation.

The stock’s technical strength is evident in its position above all major moving averages, while its year-on-year return of 24.76% significantly outpaces the broader market benchmark. The Mojo Grade upgrade from Sell to Hold in August 2025 reflects a positive shift in the stock’s quality assessment.

Overall, State Bank of India’s new 52-week high represents a noteworthy milestone in its market journey, supported by favourable sectoral trends and robust technical indicators.

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