State Bank of India Hits New 52-Week High at Rs.1015.5

Strong Rally and Price Momentum

The stock has demonstrated notable strength, advancing for six consecutive trading days and delivering a cumulative return of 4.91% during this period. Today’s price surge to Rs.1015.5 represents a fresh peak, surpassing the previous 52-week high and setting a new benchmark for the stock’s valuation. This rally is underpinned by the stock trading comfortably above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a robust technical uptrend.

In comparison, the broader Sensex index opened lower by 108.48 points but remains resilient, currently trading at 85,186.87, just 1.14% shy of its own 52-week high of 86,159.02. The Sensex’s position above its 50-day moving average, which itself is above the 200-day moving average, indicates a bullish market environment that has supported SBI’s upward trajectory.

Outperformance Against Benchmark

Over the past year, State Bank of India has outperformed the Sensex significantly, delivering a 30.67% gain compared to the benchmark’s 9.26% rise. This outperformance highlights SBI’s resilience and ability to generate shareholder value amid a fluctuating market backdrop. The stock’s 52-week low stands at Rs.679.65, underscoring the substantial appreciation investors have witnessed over the last twelve months.

Mojo Score and Grade Upgrade

Reflecting the stock’s improved performance and market standing, SBI’s Mojo Score currently stands at 67.0, categorised as a Hold. This represents a positive shift from its previous Sell grade, which was revised on 11 Aug 2025. The upgrade signals a recognition of the bank’s strengthened fundamentals and technical outlook. Despite the Hold rating, the stock’s market cap grade remains at 1, indicating its status as a large-cap entity within the public sector banking industry.

Sector and Industry Context

Operating within the Public Sector Bank industry and sector, SBI’s price movement today was in line with sectoral trends. The stock’s 0.95% gain on the day aligns with the broader sector performance, suggesting that the rally is supported by sector-wide factors as well as company-specific developments. The bank’s ability to maintain upward momentum amid a Sensex that is trading slightly lower highlights its relative strength within the financial services space.

Technical Indicators and Market Sentiment

The stock’s position above all major moving averages is a key technical indicator of sustained bullish momentum. Trading above the 200-day moving average is often viewed as a long-term positive signal, while the shorter-term averages (5-day, 20-day, 50-day, 100-day) confirm consistent upward price action. This technical alignment suggests that the stock has strong support levels and is less vulnerable to short-term volatility.

Meanwhile, the broader market’s cautious tone, with the Sensex down by 0.3%, contrasts with SBI’s positive performance, further emphasising the stock’s relative strength. The Sensex’s proximity to its own 52-week high indicates an overall positive market environment, which has likely contributed to SBI’s ability to reach new price highs.

Summary of Key Metrics

To summarise, State Bank of India’s key metrics as of 6 Jan 2026 are:

• New 52-week and all-time high price: Rs.1015.5


• Consecutive gain period: 6 days


• Return over last 6 days: 4.91%


• One-year return: 30.67%


• Sensex one-year return: 9.26%


• 52-week low price: Rs.679.65


• Mojo Score: 67.0 (Hold)


• Previous Mojo Grade: Sell (changed on 11 Aug 2025)


• Market Cap Grade: 1


• Day change: +0.95%

The stock’s performance reflects a combination of strong technical factors, sectoral alignment, and sustained investor confidence in the public sector banking space. The milestone of reaching Rs.1015.5 as a new 52-week high underscores the bank’s ability to maintain upward momentum amid a complex market environment.

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