Bengaluru, June 23 -- The shares of India's largest public sector bank with deposits crossing Rs. 54 Lakh Crores are in focus after Jefferies initiates a 'Buy' coverage on it with an upside potential of 21 percent.

With market capitalization of Rs. 7,05,223 cr., the shares of State Bank of India which is currently trading at Rs. 793 per share, compared to its closing price of 796.15.

Global brokerage firm Jefferies issued a "buy" recommendation on State Bank of India (SBI), assigning a target price of Rs 960 per share, implying a potential upside of 21 percent.

Analysts at the firm note that while economic activity remained modest in the first quarter, conditions are expected to improve in the second and third quarters, driven by the...