SBI shares soar! State Bank of India stock jumps nearly 7% today — Should you buy or sell?

At 11:54 am, the SBI stock was trading at 1137.80, up 71 points or 6.7% on the BSE. Income from core lending activity stayed firm. Net Interest Income rose 9% year-on-year to Rs 45,190 crore. Operating profit, calculated before provisions and contingencies, advanced 40% from the same period last year to Rs 32,862 crore, reflecting improved leverage in the business. Brokerages tracking the lender largely maintained positive recommendations, with many highlighting growth in loans, steady profitability and com ...