SBI shares slide 20% from peak as Q4 NIMs shrink shakes investors—brokerages still see upside

Margins slipped and net interest income fell sequentially

State Bank of India shares have extended their decline, now down more than 20% from their peak, after Q4 results showed margin contraction and a sequential fall in net interest income. While investors react to the weaker trajectory, multiple brokerages continue to back the stock with revised targets, pointing to enduring fundamentals and a sustained “Buy” stance.