SBI extends gains; brokers raise target price after earnings
May 26 2014 , Mumbai
Jefferies raises its target price to 3,415 rupees from 2,875 rupees, while maintaining its "buy" rating on the stock, and Credit Suisse upgrades target price to 2,405 rupees from 2,049 rupees and maintains "neutral" rating on the stock.
The bank on Friday reported a drop in bad loans and market-beating quarterly net profit.
SBI shares were up nearly 1 percent at 9:58 a.m.