SBICARDS Rating
25.01.2022 - MS on SBICARD Maintain Outperform CMP 817.75 Target 1300
25.01.2022 - CS on SBICARD Maintain Outperform CMP 817.75 Target 1100(PREV TGT 1350)
12.01.2022 - Macquarie on SBICARD Maintain Out[erform CMP 885 Target 1230
29.12.2021 - Morgan Stanley On SBICARD - Maintain Overweight CMP 912 - Target Rs.1350
29.12.2021 - Morgan Stanley On SBICARD - Maintain Overweight - Target Rs.1350
20.12.2021 - Morgan Stanley On SBICARD - Maintain Overweight Cmp 901 - Target Rs.1350
MS ON SBI CARD : 12.07.2021
* MAINTAIN BUY TARGET: 1,200
* MS has an Overweight call on SBI Cards
* For May, Industry Credit Spend Fell 7% MoM Due To COVID
• Co Was One Of A Few Players To Add Credit Cards In Force
* It Accounted For 23% Of Industry Card Additions In May
CS ON SBI CARDS - 10.06.2021
* MAINTAIN OUTPERFORM TARGET: 1,200
* CS maintains outperform call on SBI Cards, expects co to benefit from rising digitisation
* Impact From 2nd Wave Likely To Be Relatively Contained
* Even As We Build Elevated Credit Costs, Expect Healthy Profitability
* Expect Co To Benefit From Rising Digitisation
* Cut FY22/23 EPS By 8% On Lower Spends & Higher Credit Costs
