SBI
SBI shares tumble 10% in two sessions after brokerages downgrade stock
Mumbai/IBNS: Shares of State Bank of India fell nearly 10 percent over two trading sessions after two major brokerage firms downgraded the stock following the bank’s weaker-than-expected Q4 FY2026 financial results, media reports said.
Nomura, IIFL downgrade SBI stock
Brokerage firms Nomura and IIFL revised their ratings on SBI after the lender’s quarterly earnings missed analysts’ expectations.
Nomura downgraded the stock from ‘Buy’ to ‘Neutral’ and reduced the target price from Rs. 1,205 to Rs. 1,140.
IIFL, meanwhile, downgraded SBI from ‘Buy’ to ‘Add’ while cutting the target price from Rs. 1,230 to Rs. 1,140.
Shares extend losses after Friday crash
SBI shares had already plunged around 7 percent on Friday after the earnings announcement and extended the losses further during Monday’s trading session.
Analysts still remain positive
Despite the sharp correction in the stock price and brokerage downgrades, none of the 50 analysts tracking SBI stock has issued a ‘Sell’ recommendation so far.
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