SBI's Impressive Stock Performance in the BJP Era
State Bank of India (SBI) has demonstrated remarkable stock returns during the BJP era. Key statistics include:
– Market capitalization: ₹36.73 billion in 2014 to ₹90.06 billion in 2024
– Stock price: ₹210 in 2014 to ₹869 in July 2024
Several factors contribute to this success:
- Diversification into credit cards, insurance, and Mortgage-Backed Securities (MBS).
- Government pressure to expand customer base and deposit volumes.
- Significant market capitalization growth from ₹36.73 billion to ₹90.06 billion.
- All-time high share price of ₹861 in July 2024.
Historical context:
– The 2014 election result led to an SBI stock surge from ₹176 to ₹250.
– The share price rose from ₹210 to ₹860, reaching an all-time high during the BJP government.
– In the Congress era, SBI delivered a 1250% return over 20 years, while in the BJP era, it achieved an exceptional 458% return in just 10 years.