SBI shares down 10% in two sessions after downgrades on Q4 results miss but no ‘sell’ rating
India’s largest lender State Bank of India Ltd. (SBI) was downgraded by two brokerage firms, Nomura and IIFL, after its results for the March quarter missed analyst expectations. Despite the downgrade, none of the 50 analysts that have coverage on the stock, have a “sell” rating on it. State Bank of India’s core income for…
