SBI vs ICICI Bank Share: Shares of State Bank of India (SBI) jumped after strong December quarter results and on Friday, its price reached its 52-week peak with Rs 549. Stock market experts are quite bullish on the shares of this government bank. Similarly, private sector bank ICICI Bank’s third quarter results have also been very good and its shares are currently trading at around Rs 85 lower from their 52-week peak of Rs 867.
According to stock market experts, the third quarter results of both the banks have been strong and the shares of both of them are ready to go up from here. However, when he talked about choosing one of these, he gave the salad of buying the stock of SBI and expressed hope that this state-owned bank would also be included in the major beneficiaries of the budget presented by the central government recently.
Avinash Gorakshakar, Head of Research, Profitmart Securities, said, “Both SBI and ICICI Bank have reported strong results in the third quarter of the current financial year. With the lifting of restrictions on economic activity such as the lockdown, both the banks will see their business in the coming quarters. However, in the budget presented by the government, there is a lot of emphasis on infrastructure. In this case, SBI is expected to get more credit clients than ICICI, which has more in its loan book and net interest income. There will be an increase. Due to this, there may be a big gap in the financial figures of these two banks in the coming quarters.”
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He further said, “So my opinion is if investors should think about SBI before ICICI Bank. Foreign portfolio investors have recently pulled out a lot of money from the Indian markets and while reinvesting they can also look towards PSBs.” Huh.” Avinash Gorakshakar of Profitmart Securities says that in the long term, SBI shares with a target price of Rs 650 can be a bet.
Sumit Bagadia, Choice Broking said, “Both ICICI Bank and SBI are looking positive on the chart pattern. Investors can buy it with a target price of Rs 580 in the short term and cross Rs 600 in the medium term. However, a stop loss of Rs 520 must be applied for the stock, while ICICI Bank shares can be bought at the current market price with a target price of Rs 800-820 for the short-term. Investors can place a stop loss at Rs 770.
Talking about the performance of the shares of both the banks in the year 2022, ICICI Bank has given a return of about 3.31 percent to its investors since January 1. At the same time, the share price of SBI has increased by about 12.66 percent during this period. On the other hand, while talking about the last one year, the shares of SBI have increased by 34.35 percent in the last one year, while the shares of ICICI Bank have gained about 24.73 percent during this period.
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