Full detailed review
Disclaimer
The information presented in this blog is based on publicly available data and market reports as of December 26, 2024. Readers are advised to consult a financial advisor or conduct independent research before making investment decisions. Parikshit Khanna emphasizes the importance of thorough analysis in financial markets.
Timeline of Key Events
Time | Event |
08:00 AM | SBI opened at ₹825, with a trading range of ₹825.55 (high) and ₹809.2 (low). |
09:20 AM | SBI's share price rose by 1.10% to ₹820.75, aligning with a rally in benchmark indices like Sensex and Nifty. |
10:12 AM | Share price reached ₹822.95, marking a 1.25% increase from the previous closing price. |
12:45 PM | Trading volume dropped by 35.93% compared to the previous day; SBI's price hovered around ₹811.8. |
02:58 PM | SBI recorded a price of ₹810.05, reflecting a slight decline of 0.22%. |
03:52 PM | The stock closed at ₹811.65, down 0.02% from the previous day’s close of ₹811.85. |
Detailed Table of Share Performance
Metric | Value |
Opening Price | ₹825 |
Closing Price | ₹811.65 |
Day’s High | ₹822.95 |
Day’s Low | ₹808 |
52-Week High | ₹912.1 |
52-Week Low | ₹600.7 |
Market Cap | ₹724,366.13 crore |
Volume (BSE) | 431,577 |
Median Target Price | ₹1,000 (23.18% higher than current price) |
Sectoral Performance
Sector | Change | Commentary |
PSU Banks | +1.13% | Led by SBI, the PSU banking sector showed strong performance. |
Private Banks | +0.51% | Modest gains were observed; Kotak Mahindra Bank and Axis Bank saw increases. |
Oil & Gas | +0.65% | Supported by rising crude prices and market optimism. |
IT Sector | -0.16% | Declines were observed due to profit booking after recent rallies. |
Realty Sector | -0.68% | Persistent concerns over demand weighed on the sector's performance. |
Technical Analysis
Indicator | Trend |
Short-Term Moving Average | ₹812.62 (Bearish) |
Long-Term Moving Average | ₹847.42 (Bearish) |
Resistance Levels | ₹822.43, ₹832.82 |
Support Levels | ₹805.43, ₹798.82 |
Analyst Ratings
Rating | Count | Commentary |
Strong Buy | 17 | Analysts remain optimistic due to SBI's robust fundamentals. |
Buy | 11 | Reflects positive sentiment for medium- to long-term growth. |
Hold | 5 | Indicates uncertainty in the near term. |
Sell | 4 | Reflects cautiousness due to technical downtrend. |
Strong Sell | 1 | Minimal bearish outlook among analysts. |
Parikshit Khanna’s Financial Insights
Parikshit Khanna, a corporate AI and digital marketing trainer, underscores the importance of blending AI tools like predictive analytics with financial analysis. This approach enhances decision-making, especially in dynamic markets. For financial training or workshops.
Conclusion
The SBI share price on December 26, 2024, reflected market volatility with a slight dip of 0.02%. While the PSU banking sector led gains, other indices like IT and Realty showed declines. Analysts remain optimistic about SBI’s long-term growth prospects, citing robust fundamentals and a favorable market outlook.
Disclaimer: Market conditions are subject to change, and past performance is not indicative of future results. Consult a certified financial advisor before making investment decisions.
Sources
Economic Times
Livemint
NDTV
Times of India
Business Today
Downdetector
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