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State Bank of India (SBI.BO)
Research Tactical Idea
We believe the share price will fall relative to the country index over the next 45 days.
SBI announced F4Q11 results lower than our expectations owing to weaker-than-expected NII progression and higher-
than-expected loan loss provisions. (Please see our note, entitled "SBI: All Round Weakness", dated May 18, 2011.)
We estimate that there is about a 70% to 80% or "very likely" probability for the scenario.
Estimated probabilities are illustrative and assigned subjectively based on our assessment of the likelihood of the
scenario.
Stock Rating: Underweight
Industry View: Cautious
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
State Bank of India (SBI.BO)
Research Tactical Idea
We believe the share price will fall relative to the country index over the next 45 days.
SBI announced F4Q11 results lower than our expectations owing to weaker-than-expected NII progression and higher-
than-expected loan loss provisions. (Please see our note, entitled "SBI: All Round Weakness", dated May 18, 2011.)
We estimate that there is about a 70% to 80% or "very likely" probability for the scenario.
Estimated probabilities are illustrative and assigned subjectively based on our assessment of the likelihood of the
scenario.
Stock Rating: Underweight
Industry View: Cautious
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