SBI shares gained up to 2% on Thursday, November 12, with the stock trading at ₹1,077.35 at the time of reporting, placing the country's largest lender among the top Nifty 50 gainers. According to CNBC TV18, the stock has gained approximately 10% so far in 2026, significantly outperforming the Nifty 50, which has declined 3.1 percent during the same period. The positive momentum follows management's recent US investor roadshow, where brokerages CLSA and Goldman Sachs maintained their bullish outlook on the stock.
CLSA maintained its 'Outperform' rating on SBI with a target price of ₹1,325 per share, implying an upside of approximately 25 percent from current levels. As reported by CNBC TV18, following SBI management's US roadshow, the brokerage said the bank remains positive about the broader banking sector and its own growth prospects. Management indicated that corporate capital expenditure is gradually picking up across sectors such as thermal and renewable power generation, as well as roads, though investment activity among mid-sized corporates remains relatively modest. SBI has retained its loan growth guidance of 14-15 percent, with retail, agriculture and MSME (RAM) loans accounting for approximately 65 percent of its domestic loan portfolio.
Goldman Sachs maintained its 'Buy' rating on SBI with a target price of ₹1,130 per share, highlighting the chairman's broader strategic vision for the bank. According to CNBC TV18, the brokerage emphasized management's plans to expand lending to self-employed individuals, strengthen wealth management operations and increase cross-selling opportunities across its customer base. SBI also intends to deepen corporate and retail banking relationships while modernising operations through artificial intelligence and digital initiatives. The bank's management remains confident of achieving credit growth of around 15 percent, with the possibility of exceeding this level by a few percentage points, though they believe matching the industry's growth rate of 18-19 percent could be challenging given the exceptionally strong base of the previous year.
Street sentiment towards SBI remains largely bullish, with CNBC TV18 reporting that of the 52 analysts covering the stock, 45 have assigned a 'Buy' rating, while the remaining seven have a 'Hold' recommendation. On profitability, management highlighted return on assets (ROA) as a key focus area and reiterated its ambition to achieve a core ROA of 1 percent over the business cycle. Improvement in fee income and more effective liability management were identified as key levers to support profitability. The bank's strong Q2 performance and positive brokerage sentiment suggest continued investor interest in SBI's strategic initiatives and market positioning.
SBI is scheduled to meet institutional investors in Singapore on November 17 and 18, participating in the BofA India Corporate Day and Morgan Stanley's Asia Pacific Summit. According to CNBC TV18, the upcoming investor meetings provide an opportunity for management to further discuss their growth strategies and market outlook with international investors. The bank's strong Q2 performance and positive brokerage sentiment suggest continued investor interest in SBI's strategic initiatives and market positioning.
