New Delhi, Feb. 11 -- State Bank of India (SBI) share price rose about 4% in intraday trade on the BSE to hit its 52-week high of Rs.1,187.70 on the BSE on Wednesday, February 11. The PSU banking stock has been witnessing healthy buying interest lately after the Union Budget 2026 underscored the government's intent to increase capital expenditure (capex). Moreover, the lender's strong December quarter (Q3FY26) results have also contributed to the optimism about the stock.

On a monthly scale, the SBI share price is up over 10% in February so far, looking set to extend its winning streak for the seventh consecutive session. SBI shares have surged over 60% over the last year.

Finance Minister (FM) Nirmala Sitharaman, in her Budget speech o...