SBI Cards share price: The stock has seen massive rally recently, surging over 30% in the past six months and hitting a fresh 52-week high of Rs 1,027 apiece earlier last month.
SBI Card's spend market share rose to 17.1 percent from 16 percent in April, while it reported an increase of 5.5 percent in daily spends, as against 4.8 percent rise in April.
InCred Equities added Thyrocare Technologies to its conviction list while exiting Pidilite, Marico, and SBI Cards, citing shifting fundamentals and earnings outlook
Motilal Oswal recommended Neutral rating on SBI Cards with a target price of Rs 975 in its research report dated April 24, 2025.
Benchmark indices Nifty and Sensex settled with sharp cuts on January 6, as the selling pressure intensified. Here’s a look at the top gainers and losers in trade today.
Morgan Stanley said the fall in market share reflects the ongoing impact of the RBI notification on corporate cards spending.
SBI Card total income rose 8% to Rs 4,556 crore in Q2FY25
Motilal Oswal recommended Neutral rating on SBI Cards with a target price of Rs 850 in its research report dated September 24, 2024.
Emkay Global Financial recommended reduce rating on SBI Cards with a target price of Rs 700 in its research report dated September 19, 2024.
Motilal Oswal recommended Neutral rating on SBI Cards with a target price of Rs 770 in its research report dated July 28, 2024.
Motilal Oswal recommended Neutral rating on SBI Cards with a target price of Rs 850 in its research report dated April 27, 2024.
Emkay Global Financial recommended reduce rating on SBI Cards with a target price of Rs 725 in its research report dated April 28, 2024.
Slowdown in unsecured loans, increased competition from banks, rising cost of funds and high valuations are some of the problems facing the NBFC sector, said analysts
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.
Brokerages have a bleak outlook. Morgan Stanley has downgraded SBI Card stock to 'equal weight' and reduced the price to Rs 750 from Rs 950
If any of the unsecured lending begins to unravel, fintechs and the lower-rated NBFCs will see the maximum impact, says Ganapathy
Banking stocks like SBI, Kotak Mahindra Bank, and IndusInd Bank saw some repreive on November 20 after the RBI's tightening of unsecured retail lending
SBI Card would be one of the hardest hit financial counters, as unsecured loans make up 100 percent of the company’s AUM.
Among sectors, auto, capital goods, FMCG, pharma and realty were up 0.5 percent each, while the PSU bank index shed 2.5 percent and oil & gas was down 1.3 percent
Analysts warn that NBFCs will see a higher impact on growth and profitability versus other financial institutions as they have seen sharpest increase in exposure to unsecured retail lending
Unsecured loans make up 100 percent of SBI Card’s AUM and 31.8 percent of the total loans issued by RBL Bank. The two companies will bear the heaviest impact of the RBI’s move
Emkay Global Financial recommended hold rating on SBI Cards with a target price of Rs 865 in its research report dated October 29, 2023.
Motilal Oswal is bullish on SBI Cards recommended buy rating on the stock with a target price of Rs 900 in its research report dated October 28, 2023.