New Delhi, Dec. 2 -- Public sector bank State Bank of India (SBI) has delivered impressive returns to investors over the past five years.
If you had purchased 100 shares of SBI on 1 December 2020, at Rs.248 per share, investing Rs.24,800, their current value would have risen to Rs.99,300.
This is a 32% compound annual growth rate over the five-year period. The returns will be higher if dividends earned during this time are considered. Long-term investors have benefited significantly as the bank has shown consistent growth across nearly all performance metrics.
In this article, we will examine the prospects for SBI's stock over the next three years. However, readers should note that this is not a recommendation on the stock in any form....
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