This is likely to be higher than consensus valuation and should be seen as a positive. If this is a wider second round of stake sale it will validate this valuation and act as a soft floor for Reliance’s stock.

Hot Stocks: Brokerage view on RIL, SBI Cards, Barbeque Nation, and Paytm

The strategic union of SBI cards and NPCI will augment the digital payments landscape and make them more accessible

Here is how to link your SBI RuPay credit card to UPI in 5 simple steps

Motilal Oswal is bullish on SBI Cards recommended buy rating on the stock with a target price of Rs 970 in its research report dated July 30, 2023.

Buy SBI Cards; target of Rs 970 : Motilal Oswal

ICICI Securities is bullish on SBI Cards and Payment Services recommended buy rating on the stock with a target price of Rs 986 in its research report dated July 31, 2023.

Buy SBI Cards and Payment Services; target of Rs 986 : ICICI Securities

Results Review for IOC, SBI Cards, Route Mobile, Sagar Cements

Broker’s call: SBI Cards (Hold)

Brokerages maintain a ‘buy’ on the stock as business performance still remains ‘solid’ with card growing at 20% YoY.

SBI Cards Q1 Results Review: Brokerages Maintain ‘Buy’ As Business Performance Remains ‘Solid’

SBI Card Q1 earnings: There is usually a ~30-month period before one understands the quality of cards issued. However, the key challenge in this period was Covid and its impact.

SBI Cards sheds 2% as pre-Covid pain bites hard; brokerages offer mixed views

SBI Cards and Payment Services Q1 Results: Gross NPAs rise to 2.41% of gross advances as of June 30, against 2.24 per cent a year ago

SBI Card Q1 Results: Net Profit Drops 5% to Rs 593 Crore - News18

SBI Cards and Payment Services has reported a 5.4 per cent decline in net profit for the first quarter ended June 30, 2023 at ₹593 crore (₹627 crore).

SBI Card Q1 net down 5.42 per cent at ₹593 crore

In April-June quarter, cost of funds of the company increased 197 basis points (bps) on-year and 37 bps on-quarter

SBI Cards and Payment’s cost of funds may increase by 5-10 bps in Q2: CFO Rashmi Mohanty

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

SBI Cards and Payment Services Private Limited is an India-based company engaged on marketing and distribution of credit cards.