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State Bank of India Q2FY18: Asset Quality Surprises Positively; Maintain BUY - IndiaNotes.com
State Bank of India Q2FY18: Asset Quality Surprises Positively; Maintain BUY
Reliance Securities | Published: 14 Nov, 2017  | Source : IndiaNotes.com

We continue to maintain our BUY recommendation on the stock with an SOTP-based Target Price of Rs 370 (from Rs355 earlier) valuing parent at 1.7x FY19 Adj. BV implying standalone value at Rs 313 and subsidiaries at Rs57 after 15% holding company discount.


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About Reliance Securities

Reliance Securities, the broking arm of Reliance Capital, is one of the India’s leading retail broking houses, providing customers with access to equities, derivatives, currency, IPOs, mutual funds, bonds, and corporate FDs amongst others. The large array of financial offerings helps customers fulfilling their investment objectives on one platform. Focus on timely & error-free execution represents its core strength. Their best in class research offerings, high degree of compliance with stock exchange regulations, ethical business standards, & strong risk management capabilities; Reliance Securities positions itself amongst strong & innovative brands in the financial services space.


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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.

 

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