SBI Stock Surges Following Highest-Ever Quarterly Profit

The State Bank of India (SBI) witnessed a sharp rally in its stock price on February 9, 2026, climbing as much as 6.4% to a record high, before settling up 6.2%. The surge followed the bank’s announcement of its highest-ever quarterly profit in Q3 FY26.

Key Highlights:

• Record Profit: SBI reported a standalone net profit of ₹21,028 crore in Q3 FY26, up 24.5% year-on-year.
• Growth Drivers: Strong core income, improved asset quality, and a special dividend from its IPO-bound asset management arm.
• Market Reaction: Shares hit an all-time high, reflecting robust investor confidence in India’s largest lender.
• Sector Impact: SBI’s performance underscores resilience in PSU banks amid broader market optimism.
• Future Outlook: Continued deposit growth and asset quality improvements position SBI for sustained momentum.

This rally highlights SBI’s strong fundamentals and its growing role in India’s financial sector, reinforcing investor trust in PSU banking stocks.

Sources: Reuters, Bloomberg, Mint, Business Standard