SBI Cards shares rise after Q1 results and CLSA upgrade; price targets revised
Author: CNBC-TV18 Markets·
Key Takeaways
- •SBI Cards’ shares rose after its quarterly results and a rating upgrade from CLSA.
- •Gross non-performing assets declined to 2.04% from 3.07% a year earlier.
- •Net non-performing assets improved to 0.83% from 1.42% in the same period.
- •Several brokerages reviewed their stance on the stock, with changes to views and target prices.
- •Investor attention remains centered on credit quality and growth trends in India’s consumer lending and credit card segment.
SBI Cards shares rose after the company’s quarterly results and a rating upgrade from CLSA, while several brokerages reviewed their views and target prices. The move comes as investors continue to weigh credit quality trends against growth expectations in India’s consumer lending and credit card space, where commentary from brokerages often focuses on asset quality, card spending, and cost discipline alongside reported earnings.
SBI Cards’ asset quality improved during the quarter. Gross non-performing assets (NPA) declined to 2.04% from 3.07% a year earlier, while net NPA improved to 0.83% from 1.42%.