SBI shares slip despite strong Q1 results, brokerages bullish

SBI is one of India's biggest banks, and it just told everyone how much money it made in the last three months.

The news was good — the bank made more profit than many people expected.

But when the stock market opened on Monday, SBI's shares went down instead of up.

One reason is called profit booking: people who bought shares earlier sold them to lock in their profits.

When more people sell than buy, the price falls.

SBI's profit grew by about 10% compared with the same time last year.

The bank is also handling bad loans better, which is a good sign.

Two expert finance firms, JM Financial and Emkay Global, still say the shares are a good buy.

They think the share price will go higher in the future.

So even though the price dipped, many experts believe SBI is doing well.