Bullish on consumption story? SBI Cards IPO looks a good bet
While SBI Cards’ valuation looks aggressive, it reflects the faster growth in the Indian market.
SBI Card IPO price band fixed at Rs 750-755
The issue will open for subscription on March 2 and close on March 5.
SBI Card’s 10 financial highlights to look at before bidding for the IPO
SBI Card’s market share in terms of the number of credit cards outstanding stands at 18%.
SBI Focused Equity Fund: Fund review
SBI Focused Equity is a distinguished performer especially over the long term. Close to 63% of the scheme’s portfolio is invested in blue-chip and large-sized companies.
SBI Card's growth rate higher than market leader: Sidharth Purohit
In terms of market share, they are the second largest as of now at 18% market share whereas HDFC's is almost at 27%, says the SMC Global analyst
Delhi violence: Deadly protests rock the national capital
What started as protests for and against the Citizenship Amendment Bill (CAA) have taken a violent and communal turn. Jafrabad and Maujpur are the epicentres of this violence. Hindus and Muslims live in the same localities here and in some areas only lanes separate them.
Buzzing stocks: Vodafone Idea, RIL, YES Bank, HDFC, SBI
RIL (Rs 151.64 crore) was leading the pack of most active stocks in value terms.
How to play SBI ahead of its cards unit IPO
For now, the maximum support for SBI in the March series is at Rs 310 while the strongest resistance kicks in at Rs 350.
Elara Capital initiates 'buy' on ICICI Securities, target price Rs 610
High free cash flow generation, with a steady payout of 60% plus, strong balance sheet and parent backing should provide additional comfort to shareholders, said the brokerage.
GDP growth to stay flat at 4.5 per cent in October-December: SBI economists
The GDP growth will stay flat at 4.5 per cent in the October-December 2019, economists at SBI have said.
Only red herring about SBI Card is its single product biz: Ravikant Bhat
They are likely to remain on top of the game but it will be interesting to see how well they manage the risk, says the IndiaNivesh Securities analyst.
Maruti Suzuki, SBI, ICICI Bank among top money-making ideas for next few weeks
The market will be keenly eyeing the Q3 GDP numbers, slated to be released on Friday.
SBI Card IPO will throw up great opportunities: Hemang Jani
Given the incremental negative news flow on the spread of coronavirus, the overall sentiment for metals would remain a bit subdued for a longer period of time, says the Senior Vice-President, Sharekhan.
SBI Card IPO opens next week: Analysts projecting 50% premium in price targets
SBI Cards is the second-largest credit card issuer in India, with an 18 per cent market share.
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