Brokerage pegs SBI Cards target price at Rs 1045, stop-loss Rs 935
In its report today, brokerage Bonanza Portfolio says that SBI Cards stock should be bought with a target of Rs 1045 and stop-loss of Rs 935. SBI Cards on the weekly chart is trading in a rising channel pattern and is currently placed near the support of a lower band of a rising channel pattern
Equirus, in its report said that SBI Cards is the only listed pure-play credit card company within a highly profitable segment that has top decile profitability within the payments/lending universe: Reuters