SBI Cards & Payment Services Ltd. has witnessed a strong rally, soaring 15% in the past month and hitting a fresh 52-week high of ₹999.45. Investors are now weighing whether to hold for further gains or book profits, as market analysts assess the stock’s future trajectory.
Key Highlights:
- 52-Week High Achieved: SBI Cards touched ₹999.45, surpassing its previous high of ₹930.65, reflecting strong investor confidence.
- Steady Growth: The company has maintained consistent revenue expansion, with Q4 FY25 net profit at ₹5,341.8 crore, showcasing solid financial performance.
- Valuation Concerns: The stock is currently trading at a high P/E ratio of 49.3, raising questions about whether it remains an attractive buy at current levels.
- Institutional Interest: Mutual funds and FIIs have increased their holdings, signaling long-term confidence in the company’s growth potential.
- Profit-Taking vs. Holding: Analysts suggest investors with short-term gains may consider partial profit booking, while long-term holders could benefit from sustained growth in India’s credit card market.
With strong fundamentals and bullish momentum, SBI Cards remains a key stock to watch, as investors navigate market trends and valuation metrics.
Sources: Nirmal Bang, Screener, Moneycontrol.