SBIN Ltd. – Gearing Up for a Breakout📈 Technical Analysis
SBI, a long-term bullish stock, peaked at ₹912 and then consolidated with a series of lower highs, recently trading around ₹797.
If the recent lower high is taken out and the same level starts acting as support, with confirmation from bullish candlestick patterns, then only we can expect the stock to move towards all time high. Otherwise, there are no expectations on this stock. Until a clear breakout of the recent lower high occurs, no further move can be anticipated.
Wait for confirmation via bullish candlestick patterns on the breakout.
Ensure this new support holds.
Targets on confirmation:
🎯 Target 1: ₹850
🎯 Target 2: ₹875
🎯 Target 3: ₹900
Key Support Zone:
🔻 A stronger support lies around the ₹680–₹720 range; if breached, bullish momentum could fade.
💰 FY24 Key Financial Highlights (vs FY23 & FY22)
Total Income: ₹490,938 Cr (vs ₹439,189 Cr; ₹350,845 Cr)
Total Interest: ₹300,943 Cr (vs ₹259,736 Cr; ₹189,981 Cr)
Total Expenses: ₹252,043 Cr (vs ₹239,750 Cr; ₹204,303 Cr)
Financing Profit (NII): -₹62,048 Cr (vs -₹60,297 Cr; -₹43,439 Cr)
Profit Before Tax: ₹108,365 Cr (vs ₹91,240 Cr; ₹75,399 Cr)
Profit After Tax: ₹80,523 Cr (vs ₹69,543 Cr; ₹57,750 Cr)
Diluted EPS: ₹86.91 (vs ₹75.17; ₹62.35)
SBI has delivered consistent YoY growth across all major metrics, with a robust Net Profit gain of nearly ₹11,000 Cr over the previous year, underscoring strong earnings momentum.
🔍 Fundamental Insights
Strong Profit & ROE: FY24 profit stood at ₹80,523 Cr with ~17.2% ROE, reflecting efficient capital deployment
Loan & Deposit Growth: Advances grew ~15–16% YoY; Deposits up ~11%; CASA ratio stable around 40%
Margin & Asset Quality: FY24 NII rose ~10%, while Q4 FY25 NII rose 2.7%; GNPA declined to ~1.82%; PCR at ~92%
Capital & Loans: Healthy CET-1 ratio (~10.36%); credit costs remained contained .
Dividend Declared: ₹15.90/share for FY25 (~2% yield), a 16% rise over previous payout
QIP Raise: Board approved raising up to ₹25,000 Cr in FY26 for future growth
🧭 Conclusion
SBI stands at a critical inflection point, with a potential breakout above a former resistance zone confirming bullish momentum. Technically, a confirmed support around ₹797–₹800 would pave the way toward upside targets of ₹850 → ₹875 → ₹900.
Fundamentally, SBI remains strong — exhibiting robust profit growth, improving asset quality, stable margins, and shareholder-friendly dividends.
⚠️ Disclaimer
This stock report is for informational purposes only and does not constitute investment advice. Please conduct your own research or consult a financial advisor before making investing decisions.
