SBI Shares Soar 6% After Stellar Q3 Results, Management Eyes Strong Growth Ahead

• SBI's share price surged by nearly 6% today, becoming a top Nifty gainer and reaching a life high after excellent Q3 results.
• The bank reported record profits, improved margins, and enhanced asset quality, with a strong balance sheet.
• Chairman C. S. Shetty confirmed strong performance, expecting continued growth, corporate credit growth above 12%, and NIM above 3%.
• Experts like Anuj Singhal and brokerages like CLSA, Jefferies, Citi, Nuvama, and Nomura are bullish, setting targets up to Rs 1300.
• The bank's loan growth increased by 15.6% and deposits by 9% annually, with asset quality showing significant improvement.