SBI bank share price and SBI share forecast

We all know SBI bank is the largest bank in the country. SBI bank is a government bank. So, the SBI share promoter is also a government. And, here many investors also invest in the SBI share like FPI’s, mutual funds, etc.,

SBI share in march 2020 gives a negative return -32.37 %. This is the biggest negative return by the SBI share after 2008 in one month.
We all know the stock market in a bear face in march 2020. SBI bank share is not only one stock that gives bad returns here; all big companies and banks faced selling pressure.

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If we talk about SBI’s shared future, we can say this time is the best time to invest in this stock. Because of the SBI share promoter, the President of India holds a 57.68% stake and 776 FPI’s hold a 10.98% stake in this stock, according to this data we can say SBI share price bounce back because of this time some FPI’s may be investing in this stock.
SBI bank share price and SBI share forecast

SBI Share price forecast levels

This time SBI share price traded at Rs. 215.50 on 12th March 2020. SBI share price nearest strong support at Rs. 170. If the SBI share breaks this level, we see heavy selling in this stock. If the SBI share price bounces back from this level, we can say the SBI share is the bottom pick. You can also see the SBI share price chart in the image below.
sbi share price forecast, sbi bank share price, sbi share price levels

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