State Bank of India (SBI) shares slipped by 0.97%, ending the day at ₹745.95, even as the broader market showed marginal gains. With its current valuation still below its 52-week high of ₹912.10, SBI is facing pressure from rising non-performing assets (NPAs) and cautious lending practices. Despite these challenges, the bank’s leadership in retail banking and its robust customer base continue to make it a key player in the sector.
Expert view:
This dip could be an opportunity for long-term investors looking to add a blue-chip banking stock to their portfolio.