SBIN.NS Stock Today: Elara Warns on NIMs; Watch Q3 Trends — January 01
SBI share price today traded around ₹982.20 as SBIN.NS hovered close to its 52-week peak of ₹999.00. Elara’s latest analyst note flags complex NIM pressures into Q3, keeping State Bank of India in focus as deposit repricing lifts funding costs. With Q3 results due on 5 February 2026, investors should watch NIM, NII growth, and loan mix. We outline key price levels, valuation, and what Elara’s view means for near-term sentiment in Indian banks.
Price action and momentum
SBI share price today is ₹982.20, with an intraday range of ₹973.50 to ₹985.65 and a 52-week high at ₹999.00. RSI at 51.83 is neutral, while ADX at 36.47 signals a strong trend. Immediate resistance sits near ₹985-999, close to the Bollinger upper band at ₹984.36. Supports are around the middle band at ₹966.77 and the 50-DMA at ₹959.79, with the 200-DMA near ₹849.59.
At current levels, SBI trades at a P/E of 10.92 on EPS of ₹89.94 and a P/B of 1.74. Dividend yield stands near 1.62% on ₹15.90 per share. Market cap is about ₹9.07 lakh crore. Price is roughly 2.3% above the 50-DMA and 15.6% above the 200-DMA, reflecting strong 3-month and 6-month gains of 15.31% and 21.85% respectively.
NIM watch: Elara’s view and what it means
Elara warns that rising deposit rates and CASA normalization could cap margins into Q3, with a preference for large private banks. For SBI, deposit repricing and funding costs are the swing variables for near-term re-rating. Track the cost of funds trajectory and CASA mix in quarterly updates. See the note summary in Business Today.
The SBI NIM outlook also depends on loan mix and risk-adjusted yields. Stable growth in secured retail and corporate assets can cushion spreads, while a faster shift to higher-cost term deposits may pressure NIM. Elara’s stance favors large private lenders as mid-tier re-rating slows, per Business Standard. These Indian banks Q3 signals matter for SBI as well as peers.
Q3 checklist and catalysts
SBI reports on 5 February 2026. Focus on NIM trend, NII growth, cost of funds, CASA ratio, term deposit repricing, and fee income. Watch slippages, recoveries, and credit cost guidance. Loan growth across retail, SME, and corporate will shape the Elara analyst note narrative. SBI share price today may react to any margin surprise or commentary on deposit competition.
ATR at 11.84 implies a typical daily swing near ₹12. A constructive setup may require holds above ₹967-960 support with strength on volume. A close over ₹986 and then ₹999 could open room for fresh highs. The MACD histogram is slightly negative, suggesting consolidation risk. Position sizing and disciplined stops can manage volatility while Q3 data unfolds.
Final Thoughts
Elara’s caution on margins puts deposit repricing, cost of funds, and loan mix at the center of the Q3 story. For SBI, stable NIM and steady NII growth would support confidence, while any uptick in funding costs without offsetting yield could weigh on sentiment. On the screen, price sits near resistance with neutral momentum and a solid longer-term uptrend. We suggest tracking SBI share price today against ₹985 and ₹999 on the upside and ₹967-960 on the downside, alongside management’s commentary on deposits and credit costs. The 5 February results should clarify near-term valuation risk and whether strength can extend into the March quarter.
FAQs
SBI share price today is about ₹982.20, with intraday levels between ₹973.50 and ₹985.65 and a 52-week high at ₹999.00. Immediate resistance sits near ₹985-999. Supports are around ₹967 (Bollinger mid) and ₹960 (50-DMA). A decisive close above ₹999 would strengthen momentum.
As deposits reprice higher, the cost of funds rises, which can compress NIM if lending yields do not increase in tandem. CASA normalization adds pressure. Watch management commentary on term deposit rates, CASA mix, and asset yields. Even small shifts can move margins and drive valuation reactions.
SBI is scheduled to report Q3 on 5 February 2026. Track NIM, NII growth, cost of funds, CASA ratio, loan growth mix, slippages, recoveries, and credit cost guidance. Any surprise on margins or deposit competition can move the stock quickly, especially near key technical levels.
At a P/E near 10.9 and P/B around 1.74, SBI trades below many private peers on earnings multiples. Dividend yield is about 1.6%. Valuation appears reasonable if NIM and asset quality hold. Upside depends on Q3 trends in funding costs and loan growth sustaining earnings.
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.
