Record-Breaking Trading Session
On 9 Feb 2026, SBI’s stock opened with a gap up of 5.03%, signalling strong buying interest from the outset. The share price surged to an intraday high of Rs 1135.8, marking a 6.51% increase from the previous close. The day’s overall gain stood at 6.08%, substantially outperforming the Sensex, which rose by only 0.50% on the same day. This outperformance extended to the sector level as well, with SBI exceeding the public sector bank sector’s returns by 3.1% today.
Volatility was notably high, with an intraday volatility of 70.39% calculated from the weighted average price, reflecting active trading and investor engagement. The stock is currently trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a strong upward momentum across multiple timeframes.
Long-Term Performance and Market Leadership
SBI’s recent milestone is the culmination of a sustained upward trajectory. Over the past year, the stock has delivered a remarkable 53.48% return, vastly outperforming the Sensex’s 7.88% gain. The year-to-date performance also remains strong at 15.17%, compared to the Sensex’s decline of 1.43%. Extending the horizon, SBI has generated returns of 105.43% over three years and an impressive 186.60% over five years, both significantly ahead of the Sensex’s respective 38.14% and 63.65% returns. Over a decade, the stock has appreciated by 577.37%, more than doubling the Sensex’s 249.69% growth.
With a market capitalisation of Rs 9,84,353 crores, SBI is the largest company in the public sector banking industry, accounting for 47.58% of the sector’s total market cap. Its annual sales of Rs 474,742.62 crores represent 37.23% of the industry’s total, underscoring its dominant scale and influence.
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Financial Strength and Quality Metrics
SBI’s financial performance continues to impress, with the latest quarterly results for December 2025 highlighting key strengths. The bank posted its highest-ever quarterly profit after tax (PAT) of Rs 21,028.15 crores. Net interest income (NII) also reached a record Rs 45,190.36 crores, reflecting strong core earnings growth.
Asset quality remains robust, with the gross non-performing asset (NPA) ratio at a low 1.57% for the quarter, improving from the annual figure of 1.73%. This low NPA ratio is a testament to the bank’s prudent lending practices and effective risk management.
Institutional investors hold a significant 37.53% stake in SBI, indicating confidence from entities with extensive analytical resources and a long-term perspective on fundamentals.
Valuation and Market Position
Despite the strong performance, SBI’s valuation metrics suggest a premium positioning. The stock trades at a price-to-book value of 1.9, which is considered expensive relative to its peers’ historical averages. The return on assets (ROA) stands at 1, reflecting efficient utilisation of assets but also contributing to the elevated valuation.
Profit growth over the past year has been modest at 1.3%, contrasting with the substantial share price appreciation. This divergence highlights the market’s focus on SBI’s overall market leadership and growth prospects rather than short-term profit fluctuations.
Comparative Sector and Index Performance
In comparison to the BSE500 index, SBI has consistently outperformed across multiple timeframes. The stock’s 18.33% gain over three months and 13.12% over one month far exceed the index’s respective 0.94% and 0.51% returns. This trend reinforces SBI’s status as a market leader within the banking sector and a key contributor to broader market performance.
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Mojo Score and Rating Upgrade
Reflecting its strong fundamentals and market performance, SBI’s Mojo Score currently stands at 71.0, categorised as a Buy. This represents an upgrade from the previous Hold rating, which was revised on 11 Aug 2025. The improved grade underscores the bank’s enhanced financial health and market standing as assessed by MarketsMOJO’s proprietary analysis.
Summary of Key Metrics
To summarise, SBI’s stock has achieved a historic high of Rs 1135.8, supported by:
- Market capitalisation of Rs 9,84,353 crores, largest in the sector
- Annual sales of Rs 474,742.62 crores, representing 37.23% of the industry
- Record quarterly PAT of Rs 21,028.15 crores and NII of Rs 45,190.36 crores
- Low gross NPA ratio of 1.57%, reflecting strong asset quality
- High institutional holdings at 37.53%
- Consistent outperformance versus Sensex and sector indices over multiple timeframes
While the valuation remains on the higher side, the stock’s market leadership and financial strength have driven its sustained upward momentum, culminating in today’s all-time high.
Conclusion
State Bank of India’s ascent to a new all-time high price of Rs 1135.8 marks a significant achievement for the public sector banking giant. Supported by strong earnings, prudent lending, and dominant market share, the stock’s performance reflects its pivotal role in India’s banking landscape. The recent upgrade in rating and robust Mojo Score further highlight the company’s solid fundamentals and market position as of early 2026.
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