State Bank of India Stock Hits Record High of Rs.1188 on 12 Feb 2026

Strong Market Momentum and Price Performance

The stock’s rise to Rs.1188 marks a fresh 52-week and all-time high, underscoring its upward trajectory in the public sector banking space. On the day of this achievement, SBI recorded a modest gain of 0.22%, outperforming the Sensex which declined by 0.47%. This positive momentum is further supported by the stock trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained bullish sentiment among market participants.

Volatility has been notably high, with an intraday weighted average price volatility of 73.28%, reflecting active trading and investor engagement throughout the session. Despite this, the stock’s performance remains in line with its sector peers, maintaining its position as a leading public sector bank.

Impressive Returns Across Multiple Time Frames

SBI’s stock has delivered market-beating returns over various periods, significantly outpacing the broader Sensex index. Over the past year, the stock surged by 61.70%, compared to the Sensex’s 10.06% gain. Year-to-date performance stands at 20.71%, while the Sensex has declined by 1.62% in the same period. The stock’s 3-month and 1-month returns of 23.85% and 16.81% respectively also surpass the Sensex’s negative returns, highlighting its strong near-term momentum.

Longer-term performance is equally compelling, with a three-year return of 114.42% against the Sensex’s 38.16%, a five-year return of 201.54% versus 62.65%, and a remarkable ten-year return of 665.18% compared to the Sensex’s 264.73%. These figures illustrate SBI’s consistent ability to generate substantial shareholder value over extended periods.

Financial Strength and Quality Metrics

SBI’s financial fundamentals underpin its market performance. The bank reported its highest quarterly profit after tax (PAT) of Rs.21,028.15 crores in the December 2025 quarter, accompanied by a net interest income (NII) peak of Rs.45,190.36 crores. These figures reflect strong core earnings and effective lending operations.

Asset quality remains robust, with the gross non-performing asset (NPA) ratio at a low 1.57%, indicating prudent risk management and credit discipline. The bank’s net profit has grown at an annualised rate of 39.26%, demonstrating healthy long-term growth trends.

Institutional investors hold a significant 37.53% stake in SBI, reflecting confidence from entities with extensive analytical resources and a focus on fundamentals. This institutional backing supports the stock’s stability and liquidity in the market.

Market Capitalisation and Industry Position

With a market capitalisation of Rs.10,91,982 crores, SBI stands as the largest company within the public sector banking sector, representing 49.84% of the entire sector’s market value. Its annual sales of Rs.479,872.11 crores account for 37.48% of the industry, underscoring its dominant position and scale of operations.

The stock’s mojo score of 71.0 and an upgraded mojo grade from Hold to Buy as of 11 Aug 2025 reflect improved market sentiment and fundamental strength. The market cap grade of 1 further highlights its status as a heavyweight in the sector.

Valuation Considerations

Despite its strong performance, SBI’s valuation metrics indicate a premium pricing relative to peers. The stock trades at a price-to-book value of 2, which is considered high within the sector. Its return on assets (ROA) stands at 1.1%, and the price/earnings to growth (PEG) ratio is elevated at 14.5, suggesting that the market has priced in substantial growth expectations.

While profits have increased by 3.5% over the past year, the stock’s return of 61.70% indicates a divergence between earnings growth and market valuation, a factor that investors may consider when analysing the stock’s current price levels.

Summary of the Stock’s Journey

State Bank of India’s ascent to an all-time high price of Rs.1188 is the culmination of sustained financial growth, strong asset quality, and dominant market positioning. The stock’s consistent outperformance relative to the Sensex and its sector peers over multiple time frames highlights its resilience and leadership in the public sector banking industry.

Its robust quarterly results, combined with a significant institutional investor base and a commanding market capitalisation, reinforce SBI’s status as a cornerstone of the Indian banking sector. While valuation metrics suggest a premium, the stock’s historical returns and fundamental strength provide a comprehensive picture of its market standing as of February 2026.

Conclusion

The achievement of a new all-time high price is a noteworthy event for State Bank of India, reflecting its strong operational performance and market confidence. The stock’s journey is characterised by impressive returns, solid financial metrics, and a leading position within the public sector banking space. This milestone marks a significant chapter in SBI’s market narrative, underscoring its role as a key player in India’s financial landscape.

Unlock special upgrade rates for a limited period. Start Saving Now →