InvestorQ : SBIN share want to buy
Sarang Kasangottuwar made post

SBIN share want to buy

Answer
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sara Kunju answered.
6 months ago


SBI has corrected over 50% from its yearly peak. The price point at Rs.196 is surely attractive and I would believe that your downside rise is quite limited. You can get the benefit of the hidden value of all its subsidiaries which will more or less cover your cost and then you get the banking business quite cheap. However, there are some stress points too. For example, it is badly stuck in Jet Airways and it is also leading the consortium that is bailing out Yes Bank. That has not gone down well with the investors which explains the correction. What you can do is to start nibbling at the stock because further downsides are entirely possible.