Why SBI shares have rebounded despite weak Q3

Oversold: SBI shares have fallen 9 per cent over the last month against a 2.5 per cent drop in the Bank Nifty. Technically, SBI fell from a peak of 75-80 on January 10 to 30-35 on February 12 on the 14-day Relative Strength Index indicating bearishness. Economic slowdown: SBI is India's biggest lender accounting for a quarter of all loans and deposits in the country. This scale hurts SBI when the economy does not do well. In...