Kotak Institutional Equities has initiated coverage on the SBI Cards with a target price of Rs 900. They are positive on SBI Cards on the back of a strong revenue growth from the underpenetrated payments play.
A highly profitable lending book and a strong parentage also seen as a benefit for the company.
CNBC-TV18’s Nimesh Shah gets more details in the special segment ‘Standout Brokerage Report’.
Watch the video for more