SBI Share Price Outlook: Anil Singhvi predicts 4-digit figure for State Bank of India stock in this period
SBI Share Price Outlook: After appreciating to Rs 414.30 per stock levels the State Bank of India (SBI) shares have come down below Rs 400 per stock mark.
SBI Share Price Outlook: After appreciating to Rs 414.30 per stock levels the State Bank of India (SBI) shares have come down below Rs 400 per stock mark. Zee Business Managing Editor Anil Singhvi has been saying since the Union Budget presentation that SBI is the share to buy as the public sector stocks are expected to pick up. He also said that rural development is expected to remain in focus of the government planning and hence SBI stock price target may hit in four-digit figures in medium to long-term perspective.
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Speaking on the reason for rise in SBI share price, Anil Singhvi said, "I am bullish on SBI share price as rural development is expected to pick up. In fact, the government of India has announced divestment of loss-making public-sector units like Air India, Bharat Petroleum Corporation Limited, Life Insurance Corporation of India or LIC, etc." Singhvi said that the Centre will use these funds to fill the fiscal deficit gap or for the revival of the economy is of more importance.
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ZEE BUSINESS EXCLUSIVE RESEARCH
SBI में करनी है खरीदारी... शेयर में तूफानी तेजी की तैयारी!
क्यों हो सकती है SBI की री-रेटिंग?
हर मंदी के बाद मजबूती का ट्रेंड कैसे?
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The Zee Business Managing Editor said that Finance Minister Nirmala Sitharaman has already made it clear that the divestment is being done to revive the national economy to meet the investment needs of India Inc. He said that if that happens, Capex formation will go up and so does the PSU stocks.
On various brokerage firms upgrading SBI share price target, Anil Singhvi said, "If the government's promise on the rural development front is met then we can expect to see SBI share price in four-digit in medium to long-term time horizon."
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