SBIN.NS Stock Today: January 23 at Record Highs; Q3 Preview Lifts Buy Calls
SBI share price is trading near record highs in January as investors look ahead to the SBI Q3 FY26 results on 7 February. At Thursday’s close, SBIN.NS settled at ₹1,029.75 after hitting a day high of ₹1,053 and a 52‑week peak of ₹1,055.50. The stock is up 6.46% year to date and 39.14% over 1 year, outpacing many PSU bank stocks. Management’s comfort on net interest margin above 3%, steady asset quality, and retail‑led growth keep sentiment firm alongside reiterated Buy calls and targets near ₹1,100–₹1,120.
Record highs and today’s levels
SBI share price hovered near its lifetime zone on 23 January after a strong run this month. The stock closed at ₹1,029.75 on 22 January, with an intraday range of ₹1,028–₹1,053 and a 52‑week high of ₹1,055.50. It trades well above the 50‑DMA at ₹984.01 and 200‑DMA at ₹869.72. Returns stand at 6.46% YTD and 39.14% over 1 year.
Investors cite improving loan growth in retail, agriculture, and MSME, stable asset quality, and management comfort on net interest margin above 3%. These factors, plus strong PSU bank stocks sentiment, have supported the SBI record high. Media coverage also highlights improved visibility on credit costs and growth catalysts for the lender source.
Q3 FY26 preview: what the Street will track
The market is watching 7 February for the SBI Q3 FY26 results. Focus areas include margin trajectory versus rising deposit costs, slippages and credit cost, fee income, and RAM‑led loan growth versus corporate lending. Commentary on unsecured retail, SME health, and treasury gains will matter. A steady print on asset quality and margins near or above 3% would likely support SBI share price.
Brokerages have reiterated Buy calls with targets clustered near ₹1,100–₹1,120 as the SBI record high came in January. They point to improving profitability and benign credit costs, while noting state‑owned peers are also firm. Coverage pieces this week discussed buy‑on‑dips setups and risk levels for traders source. At current levels, the dividend yield is about 1.52%.
Technical setup for traders
Trend strength remains solid. RSI is 60.18, MACD is above signal with a positive histogram of 2.63, and ADX at 41.43 signals a strong trend. Price sits above the Bollinger upper band near ₹1,013, while the 50‑DMA at ₹984.01 underpins the uptrend. ATR at 13.84 suggests controlled volatility. Overall, the setup favors dips being bought if momentum holds.
For SBI share price, immediate resistance sits at ₹1,053–₹1,056. A clean breakout could open room toward ₹1,100. Initial supports are at ₹1,010 and the 50‑DMA near ₹984, with deeper support around ₹960. Traders often trail stops below recent swing lows to manage risk. A daily close back inside bands may signal mean reversion.
Valuation and risk check
SBI share price implies a P/E of 11.66 and P/B of 1.86, with ROE near 16.29%. The Graham number is around ₹1,044.90, close to spot, and book value per share is ₹584.63. Dividend per share stands at ₹15.90, implying a 1.52% yield. These markers suggest moderate valuation versus growth and profitability metrics.
Watch for margin pressure if deposit rates stay firm, normalization in credit costs, and any slowdown in RAM‑led demand. A pullback in PSU bank stocks could weigh on SBI share price. Our composite stock grade is B with a Hold tilt. Investors may stagger entries and use dips near support zones while tracking Q3 commentary.
Final Thoughts
SBI share price remains firm near record territory, backed by steady margins, stable asset quality, and healthy RAM‑led growth. The trend looks constructive into the 7 February Q3 FY26 print, with key checks on NIM resilience, slippages, and loan momentum. For traders, the ₹1,053–₹1,056 band is key resistance, while ₹1,010 and ₹984 offer nearby supports. For investors, valuation at 11.66 times earnings and 1.86 times book looks reasonable for a large PSU. A buy‑on‑dips approach with defined stops can help manage risk. Keep an eye on deposit cost trends and management’s outlook to gauge follow‑through after results.
FAQs
Why is SBI share price near record highs now?
Recent gains reflect steady margins above 3%, stable asset quality, and strong loan growth in retail, agriculture, and MSME. Positive flows into PSU bank stocks and reiterated Buy calls with targets near ₹1,100–₹1,120 add support. Technicals also favor the uptrend, with RSI above 60 and ADX above 40 indicating strength.
What should I track in SBI Q3 FY26 results on 7 February?
Focus on net interest margin trajectory, deposit cost pressure, slippages and credit cost, fee income, and loan growth split between RAM and corporate. Watch commentary on unsecured retail and SME health. Stable asset quality and margins near or above 3% would likely support SBI share price post‑results.
Is SBI share price expensive at current levels?
At around 11.66 times trailing earnings and 1.86 times book, valuation looks moderate for a leading lender. ROE near 16% and a dividend yield of about 1.5% support the case. That said, the stock is near its 52‑week high, so staggered entries and buy‑on‑dips can manage risk.
What are key technical levels for SBI share price this week?
Immediate resistance is around ₹1,053–₹1,056. A breakout could target ₹1,100. Supports are near ₹1,010, then the 50‑DMA around ₹984, and deeper at ₹960. Momentum remains positive, but a close back inside Bollinger Bands could flag mean reversion, so trailing stops can help protect gains.
How do PSU bank stocks affect SBI share price?
SBI often moves with the PSU bank theme because of shared drivers like deposit pricing, credit growth, and policy cues. When sentiment turns positive for PSU bank stocks, flows tend to lift SBI too. Conversely, broader risk‑off in the group can weigh on SBI even if its fundamentals remain steady.
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.
