State Bank of India Stock Hits Record High of Rs.1058.1 on 28 Jan 2026

Historic Price Surge and Market Context

On the trading day of 28 Jan 2026, SBI's stock price climbed to Rs.1058.1, surpassing all previous records. This new peak reflects the bank’s sustained upward momentum, supported by a series of gains over recent sessions. The stock has recorded a consecutive two-day gain, delivering a cumulative return of 2.63% during this period. Despite underperforming its sector by 0.96% on the day, SBI outpaced the broader Sensex index, which rose by 0.43%, with SBI’s own day gain at 0.65%.

The stock’s strength is further underscored by its position above all key moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day — signalling robust technical support and positive investor sentiment.

Long-Term Performance Outshines Benchmarks

Examining SBI’s performance over extended periods reveals a compelling growth trajectory. Over the past year, the stock has surged by 40.98%, significantly outperforming the Sensex’s 8.31% rise. Year-to-date returns stand at 7.89%, contrasting with the Sensex’s decline of 3.53%. The bank’s three-year performance is particularly notable, with a gain of 96.17% against the Sensex’s 38.56% increase.

Over five years, SBI’s stock has appreciated by an impressive 275.25%, more than tripling the Sensex’s 75.38% gain. The decade-long view further highlights the bank’s exceptional growth, with a staggering 471.73% increase compared to the Sensex’s 235.97%.

Mojo Score and Market Capitalisation Insights

SBI currently holds a Mojo Score of 67.0, reflecting a Hold rating, an improvement from its previous Sell grade as of 11 Aug 2025. This upgrade indicates a positive reassessment of the stock’s quality and market standing. The bank’s Market Cap Grade remains at 1, consistent with its status as a large-cap entity within the public sector banking industry.

Sector and Industry Positioning

Operating within the Public Sector Bank industry and sector, SBI continues to demonstrate resilience and growth amid a competitive landscape. Its recent price performance and technical indicators suggest a solid foundation, supported by strong fundamentals and market confidence.

Comparative Performance Against Sensex

When compared with the Sensex, SBI’s stock has consistently outperformed across multiple time frames. The one-week return of 3.07% notably exceeds the Sensex’s 0.37%, while the one-month and three-month returns of 9.65% and 13.92% respectively contrast with the Sensex’s negative returns of -3.33% and -2.86%. This sustained outperformance highlights SBI’s ability to generate value beyond broader market trends.

Recent Momentum and Technical Strength

The stock’s current momentum is supported by its position above all major moving averages, a technical indicator often associated with bullish trends. This alignment suggests that the stock has maintained upward momentum across short, medium, and long-term periods, reinforcing investor confidence in its price trajectory.

Summary of Key Metrics

To summarise, SBI’s stock has achieved a new all-time high of Rs.1058.1, with a day gain of 0.65% and a two-day cumulative return of 2.63%. Its Mojo Score upgrade from Sell to Hold reflects improved market perception, while its long-term returns significantly outpace the Sensex benchmark. The stock’s technical positioning above all key moving averages further supports its current strength.

Conclusion

The attainment of an all-time high price marks a significant milestone for State Bank of India, underscoring its sustained growth and resilience in the public sector banking space. The stock’s performance across multiple time frames and its improved Mojo rating highlight a period of robust market standing and investor recognition.

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