Buy SBI Cards and Payment Services, target price Rs 840: Anand Rathi

Anand Rathi has buy call on SBI Cards and Payment Services with a target price of Rs 840. The current market price of SBI Cards and Payment Services is Rs 730.45.

SBI Cards and Payment Services Ltd., incorporated in the year 1998, is a Small Cap company (having a market cap of Rs 69438.56 Crore) operating in Financial Services sector.



Financials
For the quarter ended 31-12-2023, the company reported a Standalone Total Income of Rs 4741.60 Crore, up 12.32 % from last quarter Total Income of Rs 4221.40 Crore and up 29.69 % from last year same quarter Total Income of Rs 3656.15 Crore. Company reported net profit after tax of Rs 549.08 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 68.75 per cent stake in the company as of 31-Dec-2023, while FIIs owned 9.35 per cent, DIIs 16.25 per cent.