SBICARD.NSE SBI Cards & Payment Services Limited
4,108
710.85
3.15
(0.44%)
| Watchers | 4,108 |
| 52-Wk Low | 648.00 |
| 52-Wk High | 933.00 |
| Market Cap | 680.47B |
| Volume | 532,655.00 |
| 52-Wk High | 933.00 |
| 52-Wk Low | 648.00 |
Neutral SBI Cards; target of Rs 850: Motilal OswalMoneycontrol • 9 days ago
Motilal Oswal recommended Neutral rating on SBI Cards with a target price of Rs 850 in its research report dated April 27, 2024.
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Emkay Global Financial recommended reduce rating on SBI Cards with a target price of Rs 725 in its research report dated April 28, 2024.
SBI Card's management anticipates credit costs to remain elevated in the near term, albeit with an expected improvement in the second half of FY25
For Q4, the company reported a 7.4 percent cost of funds. In the previous quarter earnings call, the company had indicated that the full impact of the increased rate of bank borrowings for NBFCs will be felt in Q4
In the upcoming week, immediate resistance for Nifty 50 is anticipated at 22,180. Breaching this level might induce short covering in index futures.
Experts feel the Nifty is likely to correct up to 22,300-22,200 and breaking of the same can take it down up to 22,000 mark, but in case of recovery, 22,700-22,800 may be the key hurdle
After the sustained run in these stocks, analysts have been cautioning investors. While a section of the market continues to believe the re-rating in state-owned companies as a whole was very much warranted, some have turned skeptical.
Emkay Global Financial recommended reduce rating on SBI Cards with a target price of Rs 725 in its research report dated January 27, 2024.
Motilal Oswal recommended Neutral rating on SBI Cards with a target price of Rs 850 in its research report dated January 27, 2024.
Revenue increased 30 percent on-year to Rs 4,742 crore from Rs 3,656 crore in Q3 FY23