Should I buy SBI Cards shares now?

Is it good to buy SBI Card share?

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.

Why SBI card is share up today?

SBI Cards and Payment Services share rose over 7% today after brokerage Macquarie expressed bullish stance on the firm. The brokerage also said SBI Cards and Payment Services was expected to become a major beneficiary of Citigroup’s exit from retail banking operations in India.

Is SBI Cards a good buy for long term?

Investors who have a long-term view should certainly purchase the shares of SBI Cards, as they could get a heavy premium, says the analyst.

Which is the best share to buy today?

Latest in Today’s Pick

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  • KNR Constructions (₹262.7): Buy. …
  • Apollo Micro Systems (₹123.1): Buy. …
  • Gland Pharma (₹3,830.8): Buy. …
  • Subros (337.6): Buy.

Will SBI Cards go up?

Between 2015 and 2020, the total number of SBI Cards has grown at a CAGR of 27%. However, penetration is still low for the company with only 3.8% of debit cardholders owning credit cards as well. “Thus, we believe SBI Cards would maintain its growth momentum by further leveraging its vast customer base.

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Why SBI cards are not working?

​The reason for deactivation of magnetic stripe cards is ‘continuing frauds’ SBI said in its advisory that it has to deactivate these cards due to ‘continuing frauds’. “Safeguard yourself with guaranteed authenticity, greater security for online payments and added security against fraud,” said SBI in a tweet.

Which is the cheapest share to buy?

Detailed overview of the Best stocks below Rs 10 to buy now in India

Sr. No Company Name BSE Scrip Code
1 Vodafone Idea 532822
4 RattanIndia Power 533122

Which shares give the best return?

Which are the highest return stocks in last 10 Years in India

SL Name Return (1Y) %
1 Pix Transm. 542.64
2 Balkrishna Ind. 83.63
3 Aarti Ind. 86.74
4 Bajaj Finance 90.8
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