SBI Cards Share Price: Shares of SBI Cards and Payment Services, an NBFC company, are in focus in today’s trading session as the stock slipped nearly 3 per cent on Tuesday (April 28).
Following the company’s Q4 results, various brokerages such as HDFC Securities, Morgan Stanley, Nuvama, and others analysed the results and have given their stock recommendations along with price targets.
The brokerages’ recommendations for the stock mainly vary from a “Reduce” to “Neutral” stance, and they see a downside of up to 18 per cent, while some also expect an upside for the stock.
SBI Card Share Price Target 2026
Here’s what brokerages have to say on SBI Cards and Payment:
Morgan Stanley sees 18% downside
Morgan Stanley maintained an Underweight rating on SBI Cards with a target price of Rs 545, reducing its target from its earlier target of Rs 555.
The current price target reflects a downside of 18 per cent, from the current market price.
HDFC Securities maintains ‘Reduce’
HDFC Securities maintained a Reduce rating on SBI Cards with a revised target price of Rs 625. However, this brokerage also sees a downside (-6 per cent) for the stock.
According to the brokerage, earnings missed estimates due to weak receivables growth, up 2 per cent YoY amid cautious sourcing. Credit cost eased to 7.7 per cent. New card acquisitions fell 17 per cent YoY, with structural headwinds persisting and estimates cut.
MOSL stays Neutral, trims target
On the flip side, Motilal Oswal maintained a Neutral rating on SBI Cards, cutting the target price to Rs 760 from Rs 825. This price target by the brokerage reflects an upside of 14.3 per cent.
MOSL believes that Q4 performance was in line but subdued, aided by lower provisions and improving credit costs. NIMs rose 10bp QoQ and may stay stable. Loan growth remains muted, with revolver mix declining.
Nuvama sees 13% upside, maintains HOLD call
Nuvama maintained a Hold rating on SBI Cards and cut the target price to Rs 750 from Rs 890, translating to an upside of nearly 13 per cent.
SBI Cards Share Price
The share price of the BSE 200 stock was down 0.7 per cent or Rs 4.6 to trade at 666.45. However, the price went as low as Rs 651.65, reflecting a downside of nearly 3 per cent from the previous close of Rs 671.
SBI Card reported a 14 per cent rise in profit to Rs 609 crore for the fourth quarter ended March 2026. The company had earned a profit of Rs 534 crore a year ago.
Total income improved to Rs 5,187 crore from Rs 4,832 crore in the year-ago period. However, interest income declined to Rs 2,382 crore in Q4 FY26 from Rs 2,415 crore in the same quarter a year ago.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
