SBI Share Price : Dec 26, 2024
- Parikshit Khanna
- Dec 26, 2024
- 2 min read
Updated: Dec 28, 2024
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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