Question: Is it worth investing in SBI Card IPO?

Mutual Fund House Investment in SBI Cards in March 2020
Axis ₹161 crore
Edelweiss ₹44 crore
HDFC ₹666 crore
Kotak ₹169 crore

Is SBI IPO a good investment?

Yes, it is a good idea to invest in SBI Card IPO for short term listing gain as well as for long term investment. … SBI Cards & Payment Services Ltd is a fundamentally strong company with a lucrative business and a wide range of products offering. It has a market share of around 20% in the Indian credit card market.

Is SBI credit card good investment?

Investment Rationale

With high growth, entry barriers and near oligopoly, the brokerage remains constructive on the Indian credit card business opportunity, and SBI Cards (SBIC) is one of the best placed pure play operators in this space.

Should I buy SBI Cards shares?

SBI Cards and Payment Services share price is likely to rally up to 25 per cent from the current levels on the expectations of card spends recovery. Analysts at JP Morgan Equity Research and Motilal Oswal Financial Services are bullish on SBI Cards stock and have recommended to buy the stock.

Is SBI Card Share good for long term investment?

SBI Shares: Great investment for the long term

Broking firms like Motilal Oswal, Kotak Securities and Emkay Global have recently upgraded the stock to a ‘buy’. Emkay has the most bullish stance on the stock of SBI, with a price target of Rs 600, which is almost a 40% upside from the current levels.

IMPORTANT:  Who is a dominant shareholder?

What is SBI business card?

SBI Card was launched in October 1998 by the State Bank of India, India’s largest bank, and GE Capital.

SBI Card.

Type Non-banking financial company
Key people Rama Mohan Rao Amara (Managing Director and CEO)
Products Credit cards
Services Credit Cards, Payments
Revenue ₹72,868.35 million (US$1.0 billion) (2018–19)

Why did SBI card fall?

Shares of the listed credit card issuer fell after a report indicated that CA Rover Holdings, a US-based private equity fund and an affiliate PE major Carlyle Group, is planning to offload its stake in SBI Cards and Payment Services.

Why are SBI shares falling?

Jain said that the fall in SBI shares has been triggered by the overall market correction creating selling pressure across the board. … If SBI shares breach the Rs 380 levels, an upside will be open for levels between Rs 400 and Rs 420, he further said.

Investments are simple