SBI Shares Extends Rally, Surpasses Rs 1,200 Mark Amidst Positive Stock Momentum
State Bank of India (SBI) shares have continued their impressive upward trajectory, crossing the significant threshold of Rs 1,200 per share. This surge is attributed to several factors, notably the bank's recent achievement of becoming the fourth most valuable company in India. Additionally, SBI reported robust quarterly earnings for Q3, which exceeded market expectations and bolstered investor confidence. A recent block trade deal further contributed to the positive stock momentum, attracting interest from institutional investors. This performance reflects the bank's resilience and growth potential in an evolving financial landscape, making it a focal point for both seasoned and new investors in the stock market. As the Indian economy shows signs of recovery, SBI's stock performance may serve as a bellwether for broader market trends.
Originally reported by NDTV Profit. Read original article
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