SBI share prices

The share price is currently trading at Rs. 275.85. The stock has been on a roll since the beginning of the year and has gained over 20% in the last six months. The shares of the state-run lender are available at a price-to-earnings (P/E) ratio of 10.4. The recent rally in the stock price can be attributed to the improvement in the asset quality of the bank and the pickup in credit growth. The non-performing assets (NPAs) of the bank have come down sharply in the last few quarters and the provision coverage ratio has also increased. The credit growth of the bank has also picked up in the last few quarters and is now in line with the industry average. The bank has also been able to increase its market share in the retail lending space. The shares of SBI are trading at a discount to their peers. The P/E ratio of the stock is lower than that of HDFC Bank, ICICI Bank, and Axis Bank. The current share price of the stock reflects the positive sentiment about the company. The shares are likely to move higher in the near future as the improving asset quality and credit growth are expected to continue.