SBI Card stock price: Buy SBI cards and payment services, target price Rs 993: HDFC Securities

HDFC Securities has a call to buy on SBI Cards and Payment Services with a target price of Rs 993. The current market price of SBI Cards and Payment Services Ltd. is Rs 844.15. The period given by the analyst is 6 months when the price of SBI Cards and Payment Services Ltd. can achieve the set goal.

SBI Cards and Payment Services Ltd., incorporated in 1998, is a small capitalization company (having a market capitalization of Rs 79856.02 Crore) operating in the financial services sector.

The main products/revenue segments of SBI Cards and Payment Services Ltd. includes interest, fees and other charges, other services, service charges, commissions and income from the sale of stocks and securities for the year ending March 31, 2021.

Finance

For the quarter ended 31-12-2021, the company reported total standalone revenue of Rs 3139.66 Crore, up 16.48% from last quarter, total revenue of Rs 2695.46 Crore and in up 23.62% from the same quarter last year, total revenue of Rs 2539.77 Crore. The company reported a net profit after tax of Rs 385.78 Crore last quarter.

Promoter/Fii Holdings
The promoters held 69.47% of the company’s capital as of December 31, 2021, while the FIIs held 10.28% and the DIIs 11.92%.

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Elaine R. Knight