Should I buy SBI Cards shares now?

Is it good to buy SBI shares now?

The brokerage has a “buy” call on SBI and raised its target price for the stock to Rs 650. A key positive in the lender’s Q3 earnings was its low net slippages and improvement in loan growth, according to Jefferies. SBI’s high CASA base and the corporate book should aid its topline growth, the brokerage added.

What is the target of SBI Card share?

SBI Card share price: Buy SBI Cards and Payment Services, target price Rs 920: Yes Securities – The Economic Times.

Will SBI shares go up?

According to stock market experts, SBI share price may go up to ₹600 per share levels in immediate short term whereas in short to medium term, it may go up to ₹650 per share levels.

Why did SBI Cards fall today?

SBI Cards and Payment Services fell 2.12% to Rs 908.50 after a foreign brokerage reportedly initiated coverage on the scrip with a ‘Sell’ rating and a price target of Rs 654. The target price of Rs 654 implies a downside of 28.01% to the ruling market price.

Is SBI overvalued?

PB vs Industry: SBIN is overvalued based on its PB Ratio (1.4x) compared to the IN Banks industry average (0.9x).

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Which share is best to buy now?

Stocks to Buy Today: Best Shares to Buy in India

Name LTP High
ICICI Bank 688.05 707
Axis Bank 715.00 733
Bajaj Finserv 15,333.20 15,672
Reliance Industr 2,325.55 2,364

Is SBI card good?

I am using SBI credit card for more than three months, there are some reward points and offers in the card. I used this card for online shopping, fuel surcharge and groceries. The credit limit of the card is sufficient and I like the most about the card is that it is a life time free card and very good to use.

Who is the promoter of SBI card?

SBI Card was launched in October 1998 by the State Bank of India and GE Capital. Incorporated as SBI Cards and Payment Services Private Limited (SBICPSL), SBI Card is headquartered in Gurgaon, Haryana. In December 2017, State Bank of India and The Carlyle Group acquired GE Capital`s stake in SBI Card.

What is SBI share price tomorrow?

State Bank SBIN share price targets for March month are 482.92 on upside & 463.96 on downside

Upside Price target 486.54
Upside Price target 482.92
Downside Price target 463.96
Downside Price target 461.58
Downside Price target 231.55

Will SBI become private?

Though Debashish Panda, Secretary, Department of Financial Services, has said that all PSBs are eligible for privatisation, in all likelihood, State Bank of India (SBI) will be kept out of this exercise as it the only government-owned bank that is classified as a domestic systemically important bank (D-SIB).

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How can I sell my SBI shares?

How to avail

  1. Login into your trading account through SBI Securities web platform.
  2. Go to order placement (Buy/Sell or +/-) menu.
  3. Select product type as E-Margin while placing the order.