Key Events This Week
4 May: Week opens at Rs.1,068.30
6 May: Intraday high of Rs.1,093.20 with 3.04% surge
8 May: Day low hit amid price pressure, closing at Rs.1,019.55
8 May: Q4 FY26 results reveal profit growth slowdown and rising provisions
May 08
BSE+NSE Vol: 5.07 cr

State Bank of India is rated 'Hold' by MarketsMOJO, with this rating last updated on 28 Apr 2026. However, the analysis and financial metrics discussed here reflect the stock's current position as of 10 May 2026, providing investors with an up-to-date perspective on the company’s performance and outlook.
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4 May: Week opens at Rs.1,068.30
6 May: Intraday high of Rs.1,093.20 with 3.04% surge
8 May: Day low hit amid price pressure, closing at Rs.1,019.55
8 May: Q4 FY26 results reveal profit growth slowdown and rising provisions
State Bank of India's latest financial results for the quarter ended March 2026 present a mixed picture. The bank reported a net profit of ₹19,683.75 crores, reflecting a year-on-year growth of 5.58%, which is an improvement compared to the previous year's decline. However, this growth comes amidst a significant quarter-on-quarter decline of 6.39%. Interest earned for the quarter reached ₹1,23,097.67 crores, showing a year-on-year increase of 3.02%, although this is a deceleration from prior growth rates. The net interest income stood at ₹44,379.90 crores, which is a 4.13% increase year-on-year but a decline of 1.35% sequentially. This decline is attributed to rising interest expenses outpacing the growth in interest earned, leading to a slight compression in the net interest margin to 2.97%. On the asset quality front, State Bank of India demonstrated notable improvements, with gross non-performing asse...
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State Bank of India Ltd., the nation's largest public sector lender, reported a net profit of ₹19,683.75 crores for Q4 FY26, marking a modest 5.58% year-on-year growth but a concerning 6.39% sequential decline from the previous quarter's ₹21,028.15 crores. The results, announced after market hours, triggered a sharp 6.62% drop in the stock to ₹1,019.55 on May 08, 2026, reflecting investor disappointment over slowing profit momentum and elevated provisioning.
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State Bank of India (SBI) experienced a notable decline today, touching its intraday low as price pressures intensified amid a broadly weak market environment. The stock fell by 3.56%, underperforming the Sensex which declined by 0.84%, reflecting immediate selling pressure and cautious sentiment surrounding the public sector banking sector.
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Valuation Picture: Premium Above Industry Average
The current P/E of State Bank of India at 18.5x stands well above the sector average of 14.2x for public sector banks. This premium suggests that investors are willing to pay more for the stock relative to its peers, potentially reflecting expectations of superior earnings growth or stability. However, such a valuation gap also raises questions about whether the premium is justified given the broader sector dynamics. The public sector banking industry has seen mixed results recently, with four stocks reporting positive results, four flat, and one negative, indicating a sector in cautious balance. Read full news article
Valuation Picture: A Slight Discount Amid Strong Returns
The current P/E of State Bank of India stands at approximately 11.8 times earnings, compared to the public sector banking industry average of 12.5 times. This discount of roughly 5.6% suggests the stock is trading at a valuation slightly below its peers. Given the bank’s robust market capitalisation of ₹10,13,152.59 crores, this valuation level indicates a degree of caution among investors despite the stock’s strong absolute returns over the past year.
Such a valuation gap may reflect concerns about sectoral headwinds or company-specific risks. However, the premium or discount relative...
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The Sensex climbed 1.27% on 6 May 2026, yet State Bank of India outperformed with a 3.04% gain, touching an intraday high of Rs 1093.2. This 1.77-percentage-point outperformance signals a stock-specific strength rather than a mere market tailwind.
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Valuation Picture: Premium Reflecting Market Confidence
The current P/E of State Bank of India stands at approximately 18.5x, notably higher than the Public Sector Bank industry average of 12.3x. This 1.5x premium suggests that the market is pricing in stronger earnings growth or superior fundamentals relative to peers. However, such a premium also raises questions about sustainability, especially given the sector’s mixed recent results. The elevated valuation may reflect investor confidence in the bank’s large-cap stature and dominant market position, but it also implies higher expectations that must be met to justify the multiple. Read full news article
Dividend for FY 2025-26
Outcome of Board meeting held on 08.05.2026 for financial results and dividend
Financial Results for the Year ended on 31.03.2026
No Upcoming Board Meetings
State Bank of India has declared 1590% dividend, ex-date: 16 May 25
State Bank of India has announced 1:10 stock split, ex-date: 20 Nov 14
No Bonus history available
State Bank of India has announced 1:5 rights issue, ex-date: 28 Jan 08