Shares of State Bank of India (SBI) witnessed a strong rebound after intensified buying in the PSU segment on Thursday, leading to a new lifetime high of 806 per share. Experts attribute the rise to strong buying in PSU stocks and the potential benefits to large banks like SBI from RBI’s recent guidelines on Kotak Mahindra Bank. SBI is anticipated to deliver robust Q4 results in 2024, further fueling its share price growth.