Pick of the week : SBIN To view detail click on the given link(Buy @191 upto 186 SL 177 TGT 230 : http://bit.ly/1PihkGh

1. STATE BANK OF INDIA.
 State Bank of India is an Indian multinational, public sector banking and financial services company. It is a
government-owned corporation with its headquarters in Mumbai, Maharashtra. As of 2014-15, it has assets of INR
20,48,080 crores and 16,333 branches, including 191 foreign offices spread across 36 countries, making it the
largest banking and financial services company in India by assets.
 Under the Pradhan Mantri Jan Dhan Yojana of financial inclusion launched by Government in August 2014, SBI held
11,300 camps and opened over 30 lakhs accounts by September, which included 21.16 lakh accounts in rural areas
and 8.8 lakh accounts in urban areas.
 It has branches of the parent in Singapore, Moscow, Colombo, Dhaka, Frankfurt, Hong Kong, Tehran,
Johannesburg, London, Los Angeles, Male in the Maldives, Muscat, Dubai, New York, Osaka, Sydney, and Tokyo. It
has offshore banking units in the Bahamas and Bahrain, and representative offices in Myanmar, Bhutan and Cape
Town. SBI has 7 retail banking branches in Singapore. The Canadian subsidiary, State Bank of India (Canada) also
dates to 1982. It has seven branches, four in the Toronto area and three in the Vancouver area.
 SBI is one of the largest employers in the country having 222,033 employees as on 31 March 2014, out of which
there were 45,132 female employees (20%) and 2,610 (1%) employees with disabilities. Staff productivity: As per
its Annual Report for FY 2013-14, each employee contributed net profit of INR 4.85 lakhs.
 Technical Outlook
• After a deep correction, price has retraced from previous bottoms, connecting the lows (marked in arrow) stock
has formed Triple Bottom Pattern which is very bullish reversal formation. Furthermore we have seen consistent
rise in volume at third bottom, it enhance strength of the pattern.
• Looking at intricacies of recent price action (marked in circle) stock had formed Pennant on daily chart which is
known as continuation pattern which indicates that stock has digested its earlier strong move and now again likely
to resume it’s northward journey. As a first sign of its upward move, stock has closed above its previous reversal
point which is a bullish development.
• Moreover, stock has been trading above its 50 day moving average which is placed at 183.10 level, which shows
that near to medium term trend is up and stock could propel its upside movement from the present level.
• Getting the sense from momentum oscillator RSI, it is rising from oversold zone. After facing mild hurdle at 60
level, it has taken support of its average line and again started its upward journey.
• Gathering all evidences from chart, we can presume that further momentum can be seen upto 230 level in few
trading session.
Company SBIN
Recommendation Buy
Sector : Bank-Public
Buying Range : 191 & Upto 186
Price Potential : 230
Stop Loss (Closing Basis): 177
Mkt Cap (Rs. Cr.): 1,48,308
TTM EPS (Rs.) 16.01
TTM Sales (Rs. Cr.) 1,60,955
BVPS (Rs.) 188.79
Reserves (Rs. Cr.) 1,45,781
P/BV 1.01
PE 11.93
Bloomberg Code : SBIN:IN
Reuters Code : SBI.NS
TW = Twelve Months
TTM= Trailing 12 months (Consolidated)
SEBI Registered – Research Analyst Equities I Commodities I Currencies I Mutual Funds
Pick of the Week: STATE BANK OF INDIA.
19th March, 2016
www.choiceindia.com *Please Refer Disclaimer on Website

2. Pick of the Week: STATE BANK OF INDIA.
19th March, 2016
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual FundsSEBI Registered – Research Analyst Equities I Commodities I Currencies I Mutual Funds
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person from any inadvertent error in the information contained in this recommendation or any action taken on basis of this information. Technical analysis studies Aprilket psychology, price patterns and volume levels. It is used to forecast future price
and Aprilket movements. Technical analysis is complementary to fundamental analysis and news sources. The recommendations issued herewith might be contrary to recommendations issued by Choice Broking in the company research undertaken as
the recommendations stated in this report is derived purely from technical analysis. Choice Broking has based this document on information obtained from sources it believes to be reliable but which it has not independently verified; Choice Broking
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DN: cn=Kunal Parmar, o=Choice Equity Broking Pvt Ltd.,
ou=Research Dept, email=kunal.parmar@choiceindia.com, c=IN
Date: 2016.03.19 15:18:06 +05'30'