SBI shares jump 6% on strong Q3 show; Nuvama raises target price to Rs 1,250

State Bank of India shares climbed significantly on Monday. The bank reported its highest-ever quarterly profit in Q3FY26. This strong performance was driven by loan growth and stable margins. Net interest income rose, and operating profit saw a substantial jump. Asset quality improved with declining NPA ratios. Brokerage firm Nuvama Research raised its target price for SBI shares.State Bank of India shares surged after reporting a record Q3 profit of Rs 21,028 crore, driven by robust loan growth and stable margins.