State Bank of India Stock Hits All-Time High at Rs.1234.8

Record-Breaking Price Movement

Today’s peak price of Rs.1234.8 represents the highest level ever recorded for SBI shares, reflecting the company’s strong fundamentals and investor confidence. Despite a modest underperformance relative to its sector by -0.36% on the day, the stock still managed a positive gain of 0.26%, outperforming the Sensex which declined by -0.92%. This achievement comes after two consecutive days of gains, although the stock experienced a slight pullback following this rally.

The stock traded within a narrow range of Rs.9.6 today, maintaining stability around this historic high. Notably, SBI is trading above all key moving averages including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained upward momentum across multiple timeframes.

Long-Term Outperformance Against Benchmarks

SBI’s performance over various time horizons highlights its market-beating credentials. Over the past one year, the stock has delivered a remarkable return of 71.83%, vastly outpacing the Sensex’s 10.85% gain. The trend extends further back, with three-year returns of 136.30% compared to the Sensex’s 38.79%, and an impressive five-year return of 203.09% against the Sensex’s 62.52%. Over a decade, SBI’s stock price has surged by 685.58%, dwarfing the Sensex’s 257.45% increase.

Even in the year-to-date period, SBI has posted a strong 25.33% gain while the Sensex has declined by -3.16%. The stock’s one-month and three-month performances of 19.58% and 26.87% respectively further reinforce its recent strength amid broader market fluctuations.

Financial Strength and Quality Metrics

SBI’s financial results for the quarter ending December 2025 further validate its strong market position. The bank reported its highest-ever Profit After Tax (PAT) of Rs.21,028.15 crores, accompanied by a Net Interest Income (NII) peak of Rs.45,190.36 crores. These figures underscore the company’s ability to generate substantial earnings and maintain healthy interest margins.

Asset quality remains robust with the Gross Non-Performing Assets (NPA) ratio at a low 1.57%, reflecting prudent lending practices and effective risk management. This low NPA ratio is a key factor supporting the bank’s sustained profitability and investor confidence.

Market Capitalisation and Sector Dominance

With a market capitalisation of Rs.11,33,335 crores, SBI stands as the largest company within the public sector banking industry, accounting for 49.34% of the sector’s total market value. Its annual sales of Rs.4,79,872.11 crores represent 37.48% of the entire industry, highlighting its dominant presence and scale advantage.

Institutional investors hold a significant 37.53% stake in SBI, indicating strong backing from entities with extensive analytical capabilities and resources. This institutional interest often correlates with confidence in the company’s fundamentals and long-term prospects.

Valuation and Profitability Considerations

Despite the impressive price appreciation, SBI’s valuation metrics suggest a premium positioning relative to its peers. The stock trades at a Price to Book Value of 2.1, which is considered expensive in comparison to historical averages within the sector. The Return on Assets (ROA) stands at 1.1%, reflecting moderate asset utilisation efficiency.

Profit growth over the past year has been more modest at 3.5%, resulting in a Price/Earnings to Growth (PEG) ratio of 15. This elevated PEG ratio indicates that the stock’s price has risen substantially relative to its earnings growth, a factor that investors may weigh when assessing valuation sustainability.

Mojo Score and Rating Upgrade

Reflecting its strong performance and improving fundamentals, SBI’s Mojo Score currently stands at 71.0, categorised under a Buy grade. This represents an upgrade from its previous Hold rating as of 11 Aug 2025, signalling enhanced confidence in the stock’s quality and momentum. The Market Cap Grade is rated at 1, underscoring SBI’s status as a top-tier large-cap stock within its sector.

Summary of Market and Sector Context

While the stock has recently experienced a slight reversal after two days of gains, its overall trend remains positive, supported by strong moving averages and consistent outperformance relative to the Sensex and sector indices. The stock’s resilience amid broader market volatility highlights its entrenched position in the public sector banking landscape.

Given its dominant market share, robust earnings, and disciplined asset quality, SBI’s all-time high price milestone is a testament to its sustained growth trajectory and market leadership.

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