Shares of State Bank of India will be in focus this week as its board is meeting on Monday to consider first quarter financial performance of the current fiscal. As the stock has already been battered to 52-week low, market participants are now pinning their hopes on SBI’s performance.
Analysts’ expectation of fall in net profit ranges from 2-8 per cent year-on-year.
They also expect just a flat growth in net interest income - the difference between interest earned and charged. If SBI surprises the market positively, one can see a big jump in the stock price. Otherwise, there will be further pains.