Accumulate STATE BANK OF INDIA (SBI:: Kotak Industries (PDF link)

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http://www.kotaksecurities.com/pdf/dmb/MorningInsight22022012.pdf


STATE BANK OF  INDIA (SBI)
RECOMMENDATION: ACCUMULATE
TARGET  PRICE:  RS.2381
FY13E P/E: 11.9X;
P/ABV: 2.7X