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India's largest lender is set for its best month in two years as stock scales new peaks49 analysts have coverage on SBI, of which 42 have a "buy" rating and the other seven have a "hold" recommendation. No analysts having coverage on SBI have a "sell" rating on India's largest lender.By Hormaz Fatakia   February 23, 2026, 10:34:33 AM IST (Published)2 Min ReadShares of State Bank of India Ltd. (SBI) are up another 1.2% on Monday, February 23, and have now gained in nine out of the last 11 trading sessions. The stock has hit a new record high on Monday.

In fact, the stock has declined in only four sessions out of the last four weeks, which includes the 5.5% fall that the lender had seen during the day of the Union Budget, which was February 1.

With today's surge, the market capitalization of State Bank of India has now crossed ₹11.3 lakh crore, making it the fourth largest company in India by market capitalization after Reliance Industries (₹19 lakh crore), HDFC Bank (₹15.4 lakh crore), and Bharti Airtel (₹12.1 lakh crore).

Despite the fall on February 1, shares of State Bank of India have gained 14% in the month of February, positioning the lender for a seventh straight monthly advance. This is the best monthly advance that the stock has seen since February 2024, when the stock had gained 17%.

Shares of State Bank of India have seen a one-way move since it reported its third quarter results earlier this month. After its earnings, the management raised its credit growth guidance to 13% to 15% from 12% to 14% earlier.

Chairman CS Setty told CNBC-TV18 that he expects the lender's Net Interest Margin (NIM) to be at 3% for the full financial year as well as credit costs, which are likely to remain at 50 basis points.

Following the results, multiple brokerages, including Nomura, CLSA, Citi, raised their price targets on SBI, with Nirmal Bang's ₹1,424 being the highest target on the street for the lender.

49 analysts have coverage on SBI, of which 42 have a "buy" rating and the other seven have a "hold" recommendation. No analysts having coverage on SBI have a "sell" rating on India's largest lender.

Shares of SBI are trading 1% higher on Monday at ₹1,228.8. The stock has gained 20% in the last one month. The stock is moving in-line with other PSU Banks, which gained between 6% to 9% last week.Continue ReadingTagsSBI share priceSBI sharesshare market todayState Bank of India SBI