While some analysts cut their earnings expectations from SBI for FY23 following the disappointing quarter, others retained their bullish ratings citing cheaper valuations. Morgan Stanley said SBI’s valuations at one time FY24 book are attractive. CLSA increased its price target on the stock to factor in the higher price targets of its subsidiaries.
Nilesh Shah on why you should never predict the market
Nilesh Shah of Kotak AMC has advised people not to try to predict the market, stating that more often than not, they will be wrong.