State Bank of India continued to witness buying interest in recent trade, with the stock holding firm near its 52-week high. The counter remained active despite a range-bound broader market, indicating sustained institutional confidence.
Market participants attribute the resilience to stable asset quality trends and healthy credit growth outlook. PSU banking stocks have been seeing selective accumulation in recent sessions.
Analysts expect the stock to remain stock-specific in the near term, with investors closely tracking loan growth momentum and margin trajectory.
