state bank of india SBI stock price predictions 2012

Indonesia stock info - state bank of india SBI stock price predictions 2012 ; The SBI stock has been on a downhill after it reported poor financial performance and a rise in non-performing assets in April-June and July-September quarters. Fear of a further rise in NPA due to several investments such as those in Kingfisher Airlines turning bad assets spooked the stock even in the October-December quarter.

Many analysts are still bullish on SBI and have buy recommendations. Anita Gandhi, director and head of institutional business at Arihant Capital Markets, said: “Being the largest portfolio investor, LIC needs to buy shares of the largest PSU bank at very low price. Also, whatever be the short-term worries on the stock, its long-term outlook remains bullish.”

When FIIs were selling SBI, some support was required for the largest bank by a platform, said another broker. After its December low, the stock has bounced back by almost Rs 190 to Rs 1,760 as per Thursday’s close on BSE.http://www.blogger.com/img/blank.gif

Mehrotra said: “Last year, our total investment (in government securities, bonds, equity, infrastructure and other approved asset classes) was around Rs 1,92,000 crore. We will be able to maintain the same this year too, despite the slowdown. As of December 2011, our total investments stood at over Rs 1,25,000 crore.”

Of this, Rs 90,000 crore has been invested in debt instruments with a large chu-nk of it going into government securities, he said. “Our traditional business is now 70 per cent while the remaining 30 per cent com-es from Ulips compared with 55:45 earlier,” he said. source http://www.mydigitalfc.com/news/lic-hikes-stake-sbi-highest-ever-013

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