Buy State Bank of India, target price Rs 1,000: Motilal Oswal Financial Services

Motilal Oswal Financial Services recommends buying State Bank of India shares, projecting a target price of Rs 1,000. The bank reported strong recent quarterly earnings fueled by treasury income and steady growth. While margins slightly dipped, the bank anticipates maintaining them. Credit growth appears healthy, and asset quality has improved, leading to a decrease in bad loans.