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SBI share price drops 2.8% after April-June quarter results disappoint; Should you buy, sell, or hold?

State Bank of India (SBI) share price dropped 2.8% on Monday morning as investors reacted to the lender’s April-June quarter earnings. SBI had reported a 6.7% on-year drop in net profit to Rs 6,068 crore on Saturday, missing street estimates owing to lower NIMs. Analysts further highlighted that SBI’s other income was impacted significantly due …

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