Buy State Bank of India, target Rs 285 : Systematix Shares & Stock

Systematix Shares & Stock has Buy call on State Bank of India with a target price of Rs 285 .The current market price of State Bank of India is Rs 259.4 Time period given by the brokerage house is medium term when State Bank of India price can reach defined target. A recovery in business growth, strong cost containment focus, stabilising asset quality and adequate capitalization to result in SBI being the best-placed PSU bank in the event of an economic turnaround.