The SBI share price witnessed a notable rally in February, drawing attention from investors tracking the stock market today. On Wednesday, February 11, the stock climbed about 4% in intraday trade on the BSE, reaching a fresh 52-week high of ₹1,187.70. By the end of the session, SBI closed at ₹1,183, marking a 3.40% gain.
The surge reflects a combination of strong quarterly earnings and market sentiment following the Union Budget 2026. For February alone, the SBI share price has gained over 10%, continuing its upward momentum from previous months. Over the past year, the stock has appreciated more than 60%, showcasing sustained investor interest in India’s largest public sector bank.
Market Performance: SBI Continues Its Winning Streak
The State Bank of India (SBI) has been under the spotlight after the government unveiled higher capital expenditure plans for FY27. Investors responded positively to the budget announcement, driving healthy buying interest in PSU bank stocks.
Key Market Highlights for SBI:
- Intraday high: ₹1,187.70 on BSE
- Closing price (Feb 11): ₹1,183
- Monthly gain in February: Over 10%
- Yearly gain: Over 60%
The broader market sentiment indicates strong confidence in PSU banks, given their role in financing large-scale government-linked projects.
Budget Boost: How Government Spending Supports SBI?
In the Union Budget 2026, Finance Minister Nirmala Sitharaman proposed raising government capital expenditure from ₹11.2 lakh crore in FY26 to ₹12.2 lakh crore in FY27. This increase in spending is expected to create opportunities for PSU banks like SBI, which are closely involved in financing large-scale government projects.
Higher government capex often translates into:
- Increased credit demand from large infrastructure and development projects
- More opportunities for big-ticket loans
- Potential for stronger credit growth
SBI, as India’s largest bank by assets with a widespread branch network, stands to play a central role in facilitating these government initiatives.
Company Details: SBI’s Record-Breaking Quarterly Performance
SBI’s December quarter (Q3FY26) results reinforced the positive market sentiment. The bank reported its highest-ever standalone net profit, reflecting steady growth and operational strength.
Quarterly Highlights (Q3FY26):
- Standalone net profit: ₹21,028.15 crore (up 24.5% YoY)
- Previous year same quarter profit: ₹16,891.44 crore
The results underline SBI’s robust performance across key financial metrics, with consistent growth in both profit and revenue.
Summary: SBI Share Price Momentum Continues
The current rally in SBI share price demonstrates a combination of strong fundamentals and favorable macroeconomic factors. With government spending set to rise and a record-breaking quarterly performance, the bank continues to attract attention from investors tracking the stock market today.
While the stock has reached new highs, the broader trend reflects sustained confidence in SBI’s growth trajectory. The combination of PSU banking strength, market sentiment, and fiscal stimulus positions SBI as one of the key stories in the financial market this February.
Source: Livemint
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