HSBC has reiterated its ‘buy’ stance on SBI Cards and Payment Services Ltd, setting a target price of ₹1,000 per share. The brokerage highlighted the potential for a 200 bps YoY decline in credit costs by FY26, with an expectation that Q4FY26 credit costs could be 300 bps lower than Q4FY25.
HSBC believes this trend could drive consensus EPS upgrades and result in lower PE ratios, making the current valuations more attractive.
At the time of assessment, SBI Cards’ share price was trading at ₹840.25.
Disclaimer: This article is for informational purposes only and should not be considered as investment advice. Please consult a financial expert before making any investment decisions.
