{
  "id": 443406,
  "title": "SBI shares slip post Q1 beat; what Jefferies, JM Financial say",
  "url": "https://urgent.news/2026/08/10/sbi-shares-slip-post-q1-beat-what-jefferies-jm-financial-say",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-10T06:16:40.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/stock-markets/sbi-shares-slip-after-strong-q1-beat-analysts-raise-targets/article71327008.ece"
  },
  "original_language": "en",
  "account": "State Bank of India (SBI) shares dipped on Monday following their strong first-quarter earnings report, as investors opted to lock in gains. The stock began the day at ₹1,097.20, but quickly retreated, closing at ₹1,090, a 0.66 percent decline from Friday's finish. Despite trading at a market cap of roughly ₹10.05 lakh crore, the brief sell-off reflected profit-taking rather than broader concern over the bank's performance. Analysts remained largely supportive, with several firms raising their price targets post-earnings. Jefferies and JM Financial upgraded their ratings and targets to ₹1,320 and ₹1,275, respectively. JPMorgan reiterated its \"Overweight\" rating with a ₹1,290 target, noting net interest income (NII) surpassed expectations. HSBC raised its price target to ₹1,310, citing a substantial earnings outlook improvement. While cautious, UBS and Morgan Stanley maintained \"Neutral\" ratings, with targets at ₹1,190 and ₹1,070. Net profit for Q1FY27 rose 10.23 percent year-on-year to ₹21,121 crore, beating market forecasts, while net interest income grew 14.88 percent. Gross advances surged 18.63 percent year-on-year, and the bank's gross NPA ratio improved to its multi-decade low of 1.47 percent. The stock has appreciated nearly 35 percent over the past year, outpacing the Nifty 50's modest 0.73 percent gain. Analysts noted NII recovery as a critical factor for revised forecasts, as it currently sits just 12 percent below its 52-week high.",
  "summary": "SBI hits a low of ₹1,078.50 amid profit-booking in mid-morning trade",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}