SBI hits fresh record high, stock jumps 5%

Shares of the State Bank of India (SBI) soared to a record peak, reaching Rs 747.45 on the Bombay Stock Exchange (BSE) during Wednesday’s trading session.


By the afternoon, the stock was up by 4.01%, trading at Rs 742.05.


This surge marks a significant 24% increase over the last 15 trading days, driven by the bank’s optimistic growth forecasts, commitment to maintaining margins, and anticipated improvements in return on assets.