Mumbai/IBNS, May 11 -- Shares of State Bank of India fell nearly 10 percent over two trading sessions after two major brokerage firms downgraded the stock following the bank's weaker-than-expected Q4 FY2026 financial results, media reports said.

Nomura, IIFL downgrade SBI stock

Nomura downgraded the stock from 'Buy' to 'Neutral' and reduced the target price from Rs. 1,205 to Rs. 1,140.

IIFL, meanwhile, downgraded SBI from 'Buy' to 'Add' while cutting the target price from Rs. 1,230 to Rs. 1,140.

Shares extend losses after Friday crash

Analysts still remain positive

Despite the sharp correction in the stock price and brokerage downgrades, none of the 50 analysts tracking SBI stock has issued a 'Sell' recommendation so far.

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