State Bank of India Stock Update: Shares Slip 0.48% Intraday
State Bank of India (SBIN) share price is trading at ₹1,065.90, down 0.48% intraday, after strong Q1 FY27 earnings were met with profit booking.
State Bank of India (SBIN) is currently trading lower in Tuesday's intraday session, reflecting a cautious sentiment despite recent strong quarterly results. The stock is quoted at ₹1,065.90, down -0.48% from its previous close of ₹1,071.00. Having opened flat at ₹1,071.00, SBIN touched an intraday high of ₹1,071.00 before dipping to a low of ₹1,060.40. Volume remains relatively subdued with 919,579 shares traded so far, suggesting a lack of aggressive buying or selling pressure at current levels.
| SBIN – Stock Updates as of (9:29AM, 11 Aug 2026) | |||
|
LTP
₹1,065.90 |
Open
₹1,071.00 |
High
₹1,071.00 |
Low
₹1,060.40 |
|
52W High
₹0.00 |
52W Low
₹0.00 |
Volume
919,579 |
% Chg
-0.48% |
52-Week Context
In the broader context of its annual performance, State Bank of India's shares are currently trading well below their 52-week high of ₹1,234.70, recorded on August 9, 2026. Today's intraday low of ₹1,060.40 keeps the stock comfortably above its 52-week low of ₹790.00. The present movement sees SBIN consolidating in the middle-to-upper portion of its yearly trading range, albeit under some pressure, failing to test any immediate annual resistance levels. ICICI Bank Stock Update: Share Price Slips Marginally.
Latest Developments
The current intraday dip follows a notable decline in SBIN shares on Monday, August 10, despite the bank reporting robust financial performance for the first quarter of FY27. State Bank of India announced a 10% year-on-year increase in net profit to ₹21,121 crore and a 12% rise in Net Interest Income (NII), coupled with an improvement in asset quality, with Non-Performing Asset (NPA) ratios hitting their lowest in over two decades. However, following an initial higher opening, the stock lost momentum yesterday, closing down by 2.3% to 2.39%, emerging as a top laggard on both the Nifty and Sensex. The Nifty PSU Bank index, which includes SBIN, also saw a significant decline of nearly 2% on August 10, indicating broader weakness across public sector banks that day.
Adding to recent corporate activities, State Bank of India is reportedly engaging with the dollar debt market to raise funds through a public issue of five-year bonds, a development reported today. This move is part of its ongoing efforts to manage its funding profile. Analysts have maintained a bullish stance on SBIN post-earnings, with some firms raising their price targets to as high as ₹1,245.89, citing improved Net Interest Margin (NIM) and strong loan growth. However, today's negative intraday performance suggests that investors are either engaging in continued profit-booking following the Q1 results or reacting to the broader cautious sentiment prevailing in the banking sector. Reliance Industries Stock Update: Shares Slip Amid ED Allegations.
Outlook
For the remainder of the session, investors will be closely watching for any further cues from the broader market and any shifts in the sentiment towards public sector banks, particularly after yesterday's sector-wide weakness. The stock's ability to recover from its intraday lows will be key to determining the short-term trajectory.
Disclaimer: The information provided in this article is based on news reports and is not intended as investment advice. Investing in stocks involves risk. LatestLY advises its readers to consult with a financial advisor before making any investment decisions.
(The above story first appeared on LatestLY on Aug 11, 2026 09:28 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
