SBI Share Price Hits Record ₹999: PSU Bank Stock on Bull Run

SBI shares hit a record ₹999 on Wednesday, November 26, edging closer to the ₹1,000 mark, as the country’s largest public sector bank continued its strong upward run.

The PSU bank’s market capitalisation touched ₹9.22 lakh crore, making it the sixth most valuable company in India. The sustained momentum reflects improved credit demand and strong quarterly performance.

Market Performance: Key Highlights

• SBI share price: ₹999 (+1.6%)
• Market capitalisation: ₹9.22 lakh crore
• Year-to-date return: 25%
• Loan book growth (Q2FY26): +12.73% YoY to ₹44.2 lakh crore
• Net profit (Q2FY26): ₹20,160 crore (+10% YoY)
• Net interest income (Q2FY26): ₹1,19,654 crore
• Net interest margin (NIM): 3.09%
• Gross NPA: 1.73% of gross advances
• Net NPA: 0.42% of advances

Main News: SBI Share Price Performance

SBI’s stock has been on a sustained bull run since late August, gaining momentum after the release of strong Q2FY26 results. The bank’s net profit rose 10% YoY to ₹20,160 crore, supported by a 12.73% YoY growth in the loan book to ₹44.2 lakh crore.

The net interest income also increased from ₹1,13,871 crore in Q2FY25 to ₹1,19,654 crore, while the net interest margin stabilised at 3.09%, improving quarter-on-quarter despite a slight contraction YoY.

Asset quality showed further improvement, with gross NPAs declining to 1.73% and net NPAs to 0.42%, highlighting stronger loan recovery and reduced bad loans.

Factors Supporting SBI Share Price Growth

Several factors contributed to the PSU bank’s rising shares:

• Credit demand improvement: Driven by multiple policy measures, including RBI rate adjustments and GST reductions, particularly boosting urban consumption.
• Consistent profitability: Steady net profit growth and healthy net interest income make the stock attractive.
• Asset quality recovery: Decline in gross and net NPAs supports confidence in loan management.
• Year-to-date gains: SBI has gained 25% so far in 2025, poised for the fifth consecutive year of positive returns.

The combination of strong financials, improving credit trends, and controlled asset quality has helped SBI sustain its bull run.

Summary: SBI Share Price Outlook

• SBI shares rose to a record ₹999, nearing ₹1,000 for the first time.
• Market capitalisation reached ₹9.22 lakh crore, the sixth-largest in India.
• Net profit: ₹20,160 crore (+10% YoY) in Q2FY26.
• Loan book: ₹44.2 lakh crore (+12.73% YoY)
• NIM: 3.09%, Gross NPA: 1.73%, Net NPA: 0.42%

The PSU bank’s strong performance, robust credit growth, and improving asset quality underpin its record highs, reflecting investor confidence and market momentum.