Investec keeps INR 1,390 target for SBI stock

Published on 10/13/2026 at 10:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q1 FY27 net profit rose 10.23 percent year over year. SBI stock spans INR 872.10 to INR 1,234.70 over 52 weeks as of October 13, 2026.

Key points in brief

Investec kept a Buy view and an INR 1,390 target for State Bank of India on October 6, 2026.
Q1 FY27 net profit rose 10.23 percent year over year to INR 211.21 billion.
State Bank of India had an INR 8.7 trillion market capitalization and an NSE 52-week range of INR 872.10 to INR 1,234.70 as of October 13, 2026.
Management retained a 14.00 percent to 15.00 percent FY27 credit-growth outlook and 3.00 percent net interest margin guidance.

SBI, INE062A01020, Illustration mit AI erstellt.

Investec kept its Buy view and an INR 1,390 target for SBI (INE062A01020) on October 6, 2026, according to Exencial Research Partners. The target was 45.00 percent above the INR 959 reference price used in the note, while the analysis highlighted margin pressure from foreign-currency deposit flows.

Three results and target markers

On August 7, 2026, State Bank of India reported Q1 FY27 net profit of INR 211.21 billion, up 10.23 percent year over year, while net interest income rose 14.88 percent to INR 469.92 billion, ANI reported.

On August 9, 2026, ICICI Direct Research maintained a Buy rating and set an INR 1,300 target, with the report citing 19.00 percent year-over-year advances growth and a 39.24 percent CASA ratio, according to DSIJ.

Investec's October 6 note lifted the visible target level to INR 1,390 and put SBI at 7.40 times estimated fiscal 2027 core earnings. Its margin view is cautious: net interest margin was expected to fall by 3 basis points for SBI, less than the pressure projected for several private-sector peers.

What does guidance mean for margins?

Management guidance gives the stock a measurable operating benchmark. SBI retained a 14.00 percent to 15.00 percent FY27 credit-growth target and 3.00 percent full-year net interest margin guidance, ANI reported on August 7, 2026. The contrast matters because faster advances growth can support earnings, while funding costs can restrain the spread earned on loans.

October 17 bond date

The next dated corporate item is October 17, 2026, when SBI is set to exercise a call option on INR 60.00 billion of Additional Tier 1 bonds, according to AlfaFinder. The action gives investors a capital-markets event to track alongside the bank's loan-growth and margin targets.

Market value and trading range

State Bank of India had a market capitalization of INR 8.7 trillion on October 13, 2026. Its NSE 52-week range was INR 872.10 to INR 1,234.70, leaving a spread of INR 362.60 and placing the analyst targets above the quoted annual range.

The bank's primary listing is the NSE, where it trades under SBIN. State Bank of India is India's largest public-sector lender by assets, deposits, branches and employees, according to its investor-relations page.