Setty praised SBI’s fast responses and high-quality services, which capital market leaders widely appreciated. He said the bank will not only provide banking solutions but also help shape India’s financial future.

SBI reported a 12.5% rise in net profit to Rs 19,160 crore for Q1 FY26, compared to Rs 17,035 crore last year. Operating profit grew 15.5% to Rs 30,544 crore. Investor confidence improved as BSE-listed companies reached a combined value of Rs 465 lakh crore, near last year’s peak.

The Reserve Bank of India’s potential easing and softening inflation supported market optimism. Strong performances from PSU, auto, bank, metal, and oil & gas sectors further boosted markets. Experts predict corporate earnings may grow above 15% in FY27 due to GST reforms, improving foreign investor sentiment.

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The brokerage noted that the recent GST reduction is unlikely to significantly boost Hyundai’s sales. High dependence on large SUVs, exports, and parts, which make up 70 per cent of revenue, may limit the benefit from tax changes.

Hyundai’s total sales declined by 4.23 per cent in August, with domestic sales dropping to 44,001 units from 49,525 units a year ago. Exports grew 21 per cent to 16,500 units, supporting overall performance. The company aims to strengthen India as its largest export hub outside South Korea.

Consolidated net profit for Q1 FY26 fell 8 per cent year-on-year to Rs 1,369.23 crore. While Hyundai continues expanding globally and supporting government initiatives like Make in India, near-term stock performance may remain under pressure.

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