Downside should be limited for SBI: Sandip Sabharwal

In a chat with ET Now, Sandip Sabharwal, CEO, Portfolio Management Services, Prabhudas Lilladher, shares his views on SBI

ET Now: Would like you to react to the SBI numbers far below what the street was expecting?

Sandip Sabharwal: Yes, the market did seem to have an inkling about the results, at least the direction of the results. The stock has been under pressure for the last few days. So what I would think is that a large part of the negativity is already factored into the stock price at this stage and from here on the downside should be limited. The inflation figure which came out today was much below expectation and we could expect monetary easing to pick up pace going forward.