SBIN.NS Stock Today: January 27 SBI Briefly Tops ICICI in Market Cap
The sbi share price stayed firm on January 27 as State Bank of India briefly overtook ICICI Bank by market cap, despite a soft Sensex. We track SBIN.NS in real time: the stock traded near ₹1,053.15, up 0.46% intraday, with a new 52-week high of ₹1,055.50. January gains are about 6–7%. FIIs have added positions, and PSU bank rally hopes remain in focus. We break down drivers, key levels, and near-term catalysts.
SBI vs ICICI: the market-cap shuffle
SBI briefly edged past ICICI Bank to become India’s No.2 bank by market cap as buying picked up in PSU names. The sbi share price hit ₹1,055.00 today, a fresh 52-week high of ₹1,055.50, valuing SBI around ₹9.49 lakh crore. Multiple media reports flagged the fleeting switch in ranks source and source.
Investors cite improving asset quality, net interest margin above 3%, and 13–14% loan growth guidance as core drivers. FII ownership has ticked up, supporting demand. Valuations look moderate at 11.44x TTM PE and 1.82x P/B. The sbi share price also benefits from the broader PSU bank rally, with confidence in earnings resilience and state-led capex aiding credit demand.
Trend and technicals to know
Momentum remains constructive. RSI is 60.2 and ADX near 41 signals a strong trend. MACD is positive. Price trades above the 50-DMA ₹987 and 200-DMA ₹872, and even above upper Bollinger band ₹1,013. While the sbi share price shows strength, moves above bands can invite brief pullbacks. ATR of ₹13.8 hints at typical day swings investors should budget for.
Turnover confirms interest. Today’s volume was about 1.44 crore shares versus a 0.95 crore average. OBV trends higher and MFI at 60 signals healthy, not overheated, buying. Participation widened with PSU peers firming up, suggesting the move is not purely stock-specific. That said, tight risk controls remain key if the market tone weakens.
Fundamentals and valuation check
Fundamentals look solid. TTM ROE is 16.29% with a net margin near 11.94%. Management targets 13–14% credit growth and NIM above 3%. The sbi share price implies a dividend yield around 1.55% on TTM DPS of ₹15.9. At 11.44x earnings and 1.82x P/B, valuation leaves room for earnings to do the heavy lifting.
Capital and deposit franchise remain strengths, while asset quality trends are improving. For banks, headline leverage metrics are less telling than credit costs and slippages. Investors should watch deposit repricing, competition from private peers, and any uptick in provisions. SBI reports results on February 7, 2026, which will update the outlook on growth and margins.
What investors should watch next
The next catalyst is Q3 results on February 7. Key focus points: NIM trajectory, credit cost, loan growth mix, and deposit growth. The sbi share price will also track PSU bank rally breadth, budget-related capex cues, and FII flows. Any commentary on retail vs corporate demand could sway expectations for FY26 earnings.
Our composite Stock Grade is B (Hold). Another model rated SBIN “Sell” on January 23, reflecting mixed signals. The sbi share price sits above trend supports, but near-term forecasts suggest consolidation: 1-month ₹1,007.67 and 1-year ₹1,039.24. Upside scenarios need steady NIMs and benign credit costs; downside involves deposit pressure or slower loan growth.
Final Thoughts
SBI briefly topping ICICI Bank in market cap underlines improving sentiment toward PSU lenders. Price action is strong, volumes are firm, and valuation remains reasonable against double-digit loan growth and NIM above 3%. Near term, watch Q3 results on February 7 for clarity on margins, credit costs, and deposit traction. A healthy print can support leadership in the sector. For entries, avoid chasing breakouts blindly; plan around ATR-sized pullbacks and moving averages for risk control. For holdings, review exposure before results and set alerts near recent highs and 50-DMA. Stay data-led and flexible as ranks can change quickly on volatile days.
FAQs
Why did SBI briefly overtake ICICI Bank by market cap today?
A sharp intraday rise, stronger volumes, and ongoing PSU bank buying helped SBI’s valuation momentarily edge past ICICI Bank. Investors are pricing in better asset quality, NIM above 3%, and 13–14% loan growth. The move was brief and leadership remained fluid, so ranks could swap again if prices diverge.
Is the sbi share price overbought after hitting a 52-week high?
Momentum is strong, with RSI near 60 and price above upper Bollinger and Keltner bands. That can prompt quick pullbacks even in uptrends. Using ATR of about ₹13.8 to size stops, and the 50-DMA near ₹987 as a reference, can help manage risk while trend signals remain positive.
What should investors track in SBI’s upcoming Q3 results?
Focus on NIM trajectory, credit costs, slippages, loan growth mix, and deposit growth. Watch commentary on retail versus corporate demand and any outlook for FY26. These will drive earnings visibility and sentiment, which can affect the sbi share price and SBI market cap in the near term.
Is SBI attractive at current levels versus private banks?
Valuation at 11.44x TTM PE and 1.82x P/B looks reasonable given ROE of 16.29% and dividend yield near 1.55%. The case improves if NIM stays above 3% and credit costs remain low. Still, competition from private peers is intense, so position size and time horizon matter.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
