Why ‘sbi share price’ Trended in India on 28 September 2026: Citi’s ₹1,300 Target Explained

On 28 September 2026 the phrase sbi share price appeared in the “Trending Now” list on Google Trends India. The signal, recorded at 2026‑09‑29 03:52:08 Z, showed roughly 2 000 searches and a 100 % rise over the previous 24 hours. The figure is an approximation of search activity, not a confirmation of any market fact.

The spike coincided with a research note issued by Citi on the same day. The global brokerage kept a BUY recommendation for State Bank of India (SBI) and set a target price of ₹1 300, implying a 32.3 % upside from the closing price of ₹982.50. The note also evaluated ICICI Bank, giving it a BUY rating and a target of ₹1 770, which represents a 33.4 % potential gain from its close of ₹1 326.50. ET Now and Trade Brains both reported these figures.

Bank	Rating	Target price	Previous close	Implied upside
State Bank of India (SBI)	BUY	₹1 300	₹982.50	32.3 %
ICICI Bank	BUY	₹1 770	₹1 326.50	33.4 %

In its commentary, Citi highlighted several drivers behind SBI’s outlook. The bank is expected to maintain a domestic net‑interest margin (NIM) above 3 % for FY27, with loan growth supported by the small‑medium enterprise, agriculture and retail segments. The note also noted improving corporate working‑capital utilisation and a rise in fee income. However, it cautioned that a lower NIM, slower loan growth and a potential deterioration in asset quality could pose risks.

When the market opened on 28 September, both banks slipped. According to Trade Brains, SBI closed at ₹963.50, a 1.93 % drop from its previous close, while ICICI Bank fell 1.88 % to ₹1 301.50. The decline happened despite the bullish target levels and illustrates how short‑term price movements can trigger search interest in the day‑to‑day market.

Search spikes like this are common when a research note or a headline reaches a wide audience. Investors often check the latest price and try to understand why a particular stock has attracted attention. The Citi note comparing SBI and ICICI was a natural catalyst for the surge in searches for “sbi share price.”

Readers should remember that all figures quoted here are from 28 September 2026 and may no longer apply. Brokerage opinions are not investment advice. If you are considering trading, consult a SEBI‑registered financial professional.