State Bank of India Drops 4.52% to 973.50 Rupees as Sensex Falls 1.70%

12 articles · Updated · MarketWatch · May 11

State Bank of India shares fell 4.52% to 973.50 rupees on Monday, lagging a broad market selloff and closing more than 21% below their 52-week high.
The BSE Sensex dropped 1.70% to 76,015.28 in what the report described as an all-around rough trading session, amplifying pressure on the stock.
SBI underperformed key peers: IndusInd Bank lost 2.99%, while Kotak Mahindra Bank and ICICI Bank both edged higher.
Trading volume reached 3.9 million shares, far above the 50-day average of 1.1 million, signaling heavier-than-usual activity during the decline.

After a major stock drop, why do some analysts still see a 30% upside for India's biggest bank?

Is the plunge in SBI's stock the first sign that a Mideast conflict could derail India's entire economy?