Shares of State Bank of India fell nearly 4% on Monday after India's largest bank reported weak third-quarter\u00a0results but you can still buy the\u00a0stock to gain up to 35%.\u00a0Shares of State Bank of India witnessed a\u00a0vertical decline following the first earnings reaction as the nation's largest lender posted a net loss of Rs 1,886.57 crore. The stock of SBI plunged as much as 3.84% to a day\u2019s low of Rs 285 on BSE while the stock crashed to a day's low of Rs 285.15, down by 3.79%.\u00a0SBI shares topped the turnover on both BSE and NSE followed by a huge trading volume. As at 10:15 am, about 2 crore shares exchanged hands on both NSE and BSE with more than 1.85 crore shares on NSE alone. State Bank of India\u00a0logged a net loss of Rs 1,886.57 crore after a massive under-reporting of dud assets in the past fiscal and reverses in treasury operations. The State-run banking giant had reported a net profit of Rs 2,152 crore in the same quarter last fiscal year. On a standalone basis, the bank reported a wider loss at Rs 2,416 crore for the quarter ended 31 December 2017. Despite a\u00a0tedious Q3 performance, the research and brokerage firm Kotak Securities has maintained a 'buy' and has upgraded the target price to Rs 400 from Rs 375. A target of Rs 400 implies an upside of about 35% from the current market price of Rs 296.4. Going ahead, State Bank of India remains well placed to benefit from bad loans resolution cycle, said Kotak Securities. Meanwhile today, India\u2019s stock market opened higher following\u00a0a sharp recovery on Wall Street on Friday last week with Dow Industrials rising 33o-points and better Q3 earnings by some of the blue-chip companies. The S&P\u00a0BSE Sensex\u00a0gained 272.48 points to hit the day\u2019s high of 34,278.24 whereas NSE Nifty marked\u00a0the day\u2019s peak of 10,538.1, up by 83.15 points. Shares of ONGC,\u00a0Tata\u00a0Steel, Sun Pharma, Bharti Airtel, Axis Bank, Hero MotoCorp, L&T, Yes Bank, Kotak\u00a0Mahindra\u00a0Bank, Adani Ports, Reliance Industries and Dr Reddy\u2019s were the major gainers among Sensex constituents\u00a0rising 1-5%.\u00a0All the sectoral and broader\u00a0indices of NSE traded in green except Nifty PSU Bank index. Other than Nifty 50, Nifty Next 50, Nifty 100, Nifty 200, Nifty 500, Nifty Sml100 Free, Nifty Mid100 Free and Nifty Midcap 50 rose up to 2%.