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Kotak Institutional Equities positive on SBI Cards; initiates coverage with target price of Rs 900

Updated : December 29, 2020 01:55:06 IST

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’.

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