Buy SBI @ 1907.10
for Target of 1921.05 & 1935.45
With SL - 11890.00
All negatives with regard to hefty provsioning, low capital adequacy and saving a/c de-regulation are built in the prices. Going forward, the provisioning will come down and bank may report healthy bottom line. The Centre has plans to infuse required capital very soon No negative surprises expect now. The bank is tightening belt to stop slippages and improve recovery mechanism by again shifting recovery onus to branches. Buy with 1 year target of Rs. 2800.
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