Reduce SBI Cards, target price Rs 500: InCred Equities
InCred Equities has a reduce call on SBI Cards and Payment Services with a target price of Rs 500. The current market price of SBI Cards is Rs 673.7. SBI Cards, incorporated in 1998, is a Small Cap company with a market cap of Rs 64039.35 crore, operating in Financial Services sector.
SBI Cards and Payment Services' key products/revenue Segments include Fees & Commission Income, Interest, Other Services, Sale of services and Commission for the year ending 31-Mar-2024.
Financials For the quarter ended 30-09-2024, the company has reported a Standalone Total Income of Rs 4555.82 crore, up 1.63% from last quarter Total Income of Rs 4482.59 crore and up 7.92% from last year same quarter Total Income of Rs 4221.40 crore. The company has reported net profit after tax of Rs 404.42 Crore in latest quarter.
The company's top management includes Mr.Dinesh Kumar Khara, Mr.Abhijit Chakravorty, Mr.Rajendra Kumar Saraf, Mr.Dinesh Kumar Mehrotra, Ms.Anuradha Shripad Nadkarni, Mr.Shriniwas Yeshwant Joshi, Dr.Tejendra Mohan Bhasin, Mr.Ashwini Kumar Tewari, Mr.Nitin Chugh. Company has Ambani & Associates LLP as its auditors. As on 30-09-2024, the company has a total of 95 Crore shares outstanding.
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