The State Bank of India share price is trading down over 1% . The Q2 performance was supported by an exceptional gain of Rs 4,590 crore from the divestment of 13.18% of its shareholding in Yes Bank. However, some of its subsidiaries saw a decline in profitability. SBI Card profit clocked a 20% decline QoQ, while SBI Life profit was down 17% QoQ. However, most brokerages have retained a positive stance on the stock, citing resilient margins, steady credit growth, and benign asset quality.

Axis Securities , Anand Rathi Research, and Motilal Oswal have either raised their target prices or reaffirmed their Buy ratings. Here is a detailed analysis of their investment rationale.

Motilal Oswal on SBI: Asset quality improves further

Motilal Oswal reiterated a Buy with a target price of

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