Based on data from early February 2026, State Bank of India (SBIN) has hit new all-time high levels, driven by record quarterly profits, strong loan growth, and improved asset quality. 

Here is an analysis of the SBIN stock's all-time high performance:

1. Recent All-Time High Levels (Feb 2026) 

• New Records: Following a Q2FY26 earnings report that exceeded expectations, SBIN shares jumped to a new record high of approximately ₹1,130 - ₹1,137 on the NSE and BSE on Feb 9, 2026.
• Previous Highs: Just weeks prior, the stock had set records around ₹1,027 in mid-January and continued to surge, breaking the ₹1,000 mark for the first time in January 2026.
• 52-Week Range: The stock has surged over 50% from a 52-week low of ₹680 touched in March 2025. 

2. Drivers of the All-Time High

• Strong Earnings (Q2FY26): The surge is driven by strong profitability, with standalone profit growing 10% to over ₹20,000 crore.
• NII and NIM: Net Interest Income (NII) saw consistent growth, with the bank posting industry-leading growth in net interest income.
• Improved Asset Quality: Gross NPA (Non-Performing Assets) improved to 1.73%, while Net NPA fell to 0.42%.
• Market Capitalization: SBIN recently surpassed a market capitalization of ₹9 lakh crore, cementing its position as a top-six valuable company in India. 

3. Technical and Structural Analysis

• 5-Year Performance: The stock has shown massive growth, rising over 286% in the last 5 years.
• Moving Averages: The consistent rise has kept the stock trading well above its 50-day and 200-day moving averages (approx. 1002 and 881 respectively), indicating a strong bullish trend.
• Market Sentiment: The sentiment remains "Strong Buy" among analysts, with 32 analysts recommending a buy on the stock. 

4. Outlook and Key Levels

• Upside Potential: With the record-breaking performance, some analysts are looking at long-term targets exceeding ₹1,200.
• Resistance/Support: While breaking new highs, resistance levels are being re-tested, while major support levels are now established higher due to the rapid ascent.
• Valuation: Despite the high price, some analyses suggest it remains in a strong, sustained uptrend rather than being immediately overextended, due to underlying earnings strength.