SBI Card Stock Price: Buy SBI Card and Payment Service, Target Price Rs 1095: IIFL

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IIFL is bicalling SBI Card and payment services at a target price of Rs 1095. The current market price for SBI Card and payment services is Rupee 1064.85.

The period specified by the analyst is during the day when the prices of SBI Card and Payment Services Ltd. can reach the defined targets.

Established in 1998, SBI Cards and Payment Services Ltd. is a small-capitalization company (market capitalization 100240.52 rupees) operating in the financial services sector.

Finance
For the quarter ending 30-06-2021, the company reported standalone gross revenue Rs 2450.94 Crore. This was a -.70% decrease from total revenue Rs 2468.14 Crore in the previous quarter and an 11.63% increase from total revenue Rs 2195.60 in the same period last year. Clore. The company reported net income after tax of Rs 304.61 in the last quarter.

Basis for investment
The stock price shows the breakout of the flag pattern on the hourly chart.


Promoter / FII Holdings
As of March 31, 2021, the promoter held a 69.4% stake in the company, with FII holding 9.1%, DII holding 5.5%, and public institutions and others holding 16%.

(Disclaimer: The views and recommendations in this section are those of the analyst themselves and do not represent those of ETMarkets.com. Please contact your financial adviser before taking any of the listed stock positions. Please contact us.

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