Why brokerages are optimistic about SBI shares
despite the bank stock’s poor Q1 performance
Shares of State Bank of India (SBI) fell more than 2% in early trading on Monday as thelargest lender in the nation announced a 6 per cent decline in its standalone net profit at6,068 crore for the quarter ended in June, missing estimates due to mark-to-market (MTM)losses. From 27,638 crore to 31,196 crores, Net Interest…