SBI Share Price Today 08-11-2024: Today 08 November at 11:06, SBI share price is trading at 850.45, -1.02% lower than the previous closing price. Sensex is being traded With a decline of -0.08% at 79474.68. The stock has reached an all-time high 863.65 and lower 848 during the day.
On the technical front, the stock is trading above short-term simple moving averages of 5, 10, 20 days as well as long-term moving averages of 50, 100 and 300 days.
The SMA values for the stock are given below:
Classic pivot level analysis shows that on the daily time frame, the stock holds key resistances 866.17, 872.13, and 881.87, while its major support level is 850.47, 840.73, and 834.77.
Volume traded on NSE and BSE till 11 am today SBI It was -11.14% lower than the previous trading session. Along with price, traded volume is an important indicator to study trends. Positive price movement with high volume indicates a sustained uptrend, and negative price movement with high volume may indicate further decline in prices.
Overall, according to Mint technical analysis, the stock is currently experiencing a strong bullish trend.
From a fundamental analysis perspective, the company’s ROE is 17.34% and ROA is 1.07% respectively. The current P/E of the stock is at 11.30 and P/B is at 1.75.
The average 1-year expected growth for this stock is 9.24% and the target price is 929.00.
The company has 0.00% promoter holding, 10.64% MF holding and 10.70% FII holding, as per September quarter filing.
MF holding has increased from 10.40% in June to 10.64% in the September quarter.
FII stake has declined from 11.15% in June to 10.70% in the September quarter.
SBI share price to trade down -1.02% today 850.45 while its counterparts are mixed. Its counterparts ICICI Bank, Axis Bank are falling today, but its counterparts HDFC Bank, Kotak Mahindra Bank are rising. Overall, benchmark indices Nifty and Sensex are down -0.14% and -0.08% respectively.
