JPMorgan has initiated overweight rating on SBI Card with a target price of Rs 1,200. The brokerage house expects the pent-up demand to come up very strongly in terms of card spend.
JPMogran believes that the free-option to have an access to the parent, SBI’s large credit pool is something to watch out for.
Watch the accompanying video of CNBC-TV18’s Nimesh Shah for more details.
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(Edited by : Dipika)
First Published: IST