SBI शेयर की कीमत में -1.31% की गिरावट from

SBI Share Price Falls by -1.31%

Reason Behind the Downfall

Shares of State Bank of India (SBI), the largest public sector bank in India, fell by -1.31% on the BSE on Thursday, September 29, 2023. The stock closed at ₹530.25, down from its previous close of ₹537.20. The decline in SBI's share price was in line with the broader market trend, as the BSE Sensex also fell by -1.05% on Thursday.

Factors Contributing to the Fall

Several factors may have contributed to the fall in SBI's share price. One factor could be concerns about the bank's asset quality. SBI has a relatively high level of non-performing assets (NPAs), which are loans that are unlikely to be repaid. In the June 2023 quarter, SBI's gross NPA ratio stood at 3.92%, higher than the industry average of 3.5%. Another factor that may have weighed on SBI's share price is the bank's exposure to the beleaguered real estate sector. The Indian real estate sector has been facing headwinds due to a slowdown in demand and a rise in interest rates. This has led to a surge in NPAs in the banking sector, including SBI.

Impact of the Fall

The fall in SBI's share price is likely to have a negative impact on the bank's overall valuation. The bank's market capitalization has fallen by ₹1,800 crores as a result of the share price decline. The decline in SBI's share price may also raise concerns among investors about the health of the Indian banking sector.

Future Outlook

The future outlook for SBI's share price is uncertain. The bank's performance will depend on a number of factors, including the health of the Indian economy, the performance of the banking sector, and SBI's ability to manage its asset quality. Investors should carefully consider all of these factors before making any investment decisions.