Buy State Bank of India, target Rs 288.0 : CapitalVia Global Research Ltd

CapitalVia Global Research Ltd has Buy call on State Bank of India with a target price of Rs 288.0. The current market price of State Bank of India is 257.6. Time period given by analyst is week, when State Bank of India price can reach defined target. After a strong rally, the stock entered into a short term consolidation. “We expect it to gain its upside momentum if it manages to move above the resistance at Rs 272 level. In such case the stock is likely to touch the level of Rs 288. Traders can buy with a stop loss of Rs 260,” said CapitalVia Global Research Ltd.