SBI shares fell significantly, leading to a loss in market capitalisation. The decline is attributed to broader market trends rather than the bank’s fundamentals.
SBI share price declines amid market weakness
What has caused the recent decline in SBI shares? On March 9, 2026, SBI shares fell by 5.60%, closing at Rs 1,079.40 on the National Stock Exchange (NSE). This decline resulted in a loss of nearly Rs 62,352 crore in market capitalisation, bringing SBI’s valuation below Rs 10 lakh crore to approximately Rs 9.93 lakh crore.
The shares opened at Rs 1,111.10 before closing lower, which has raised concerns among investors. SBI’s 52-week high was recorded at Rs 1,234.80, while the 52-week low stands at Rs 719.20.
According to Motilal Oswal Financial Services, the recent fall in the share price is largely linked to overall market weakness rather than any major change in the bank’s fundamentals. They maintain a Buy rating for SBI, with a target price of Rs 1,300.
SBI’s financial metrics remain robust, with a price-to-earnings (P/E) ratio of 12.97 and a price-to-book (P/B) ratio of 2.14. Additionally, the stock has a 14-day Relative Strength Index (RSI) of 47.2, indicating a neutral position in the market.
Despite the recent downturn, Motilal Oswal highlights that SBI continues to stand out among public sector banks due to strong profit growth and improving asset quality. This resilience suggests that the bank’s fundamentals remain solid, even as market conditions fluctuate.
Prior to this decline, SBI had reached its 52-week high of Rs 1,234.70 on February 24, 2026, before entering the current corrective phase. Investors are now closely monitoring the situation to determine the next steps.
As the market continues to evolve, the future trajectory of SBI shares remains uncertain. Details remain unconfirmed regarding any upcoming strategic moves by the bank to counteract this decline.
