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SBI Cards' 10% of book under stress, says Prabhudas Lilladher; downgrades stock with TP at Rs 895

Updated : October 28, 2020 03:13 PM IST

On the basis of its conservative stance, the brokerage turned cautious looking at the company's weak asset quality- credit costs (12 percent) and non-performing assets (~8 percent).
The recent buoyancy in the stock's momentum and near-term erratic asset quality picture prompted the brokerage to trim valuation multiple.
SBI Cards' 10% of book under stress, says Prabhudas Lilladher; downgrades stock with TP at Rs 895

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