Stock Name – State Bank of India or SBI
Listed Exchange: NSE, BSE, BSE Bankex
NSE Code- SBIN
P/E or Price to Equity Ratio: 9.89
EPS or Earnings per Share: 179.98
P/B or Price to book value ratio: 1.23
Market Capitalization: 1.21 lakh crore
Current Price on NSE – 1777
52 Week Low – 1452
52 Week High – 2551
Our Review of SBI Stock
SBI has a market cap of 1.21 lakh crore and the stock has always proven to be a safe bet. SBI went for a public issue in December, 1993. If you had chosen to invest in SBI stock 10 years back, you would have invested at a level of 435. It implies a marvellous return of over 15% annualized in 10 years.
SBI is a govt. owned corporation. It has also been announcing annual dividends for the past few years. The bank has got a wonderful depositor base too. The only risk involved in this stock is the government stake of about 62%. Such high stake would mean govt. takes major control and political decisions could have some influence on the bank. For a long term, SBI is definitely a buy.