SBI shares jumped 7% after the bank reported strong Q3 earnings, with net profit rising 25% to ₹21,030 crore, beating estimates on higher fee income and lower provisions. Brokerages including Jefferies and Motilal Oswal raised price targets to ₹1,300, citing strong return on equity and value from subsidiaries, implying about 14% upside.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets