In Today Article we are going to discussed the Fundamental and  Technical aspect  along with that we will check the brokerage houses view and I will explain my Strategy of investment in SBI Card .   

                       SBI Card and Payment Services ltd is Non - Banking financial company. The Company is engaged in business of issuing Credit Card to Indian Customers. SBI Card is subsidiary company of India's largest commercial Bank, The State Bank of India. 

           FUNDAMENTAL :

                         SBI Card is launched in 1998 by State bank of India and GE Capital. SBI Card ranked 2nd in terms of card in force and spends.it has active card base of 1.18 cr (12% over FY20) and spends of 1,22,416/- Cr. The market share has increased from 18.3%  (FY20) To 19.0% (FY21) in terms of outstanding cards and in card spends. 17.9% (FY20) to 19.5% (FY21)

                        The Company is Partner with across the industries with BPCL, Big Bazar , Federal bank, , American express and other. The Company Gross NPA has reduced in Q2 FY22 to 3.36 Vs 4.99% in Q4 FY21 also net NPA is Declined to 0.91% in Q2 F22 Vs 2.01% in Q4 FY21. 

                    Company Sales and Net Profit has Shown Very good growth in last three quarter. The Company Revenue in Sep -22 quarter is 3297 Crore and  Net profit stand with 526 Crore which is highest in last three years.

        TECHNICAL & MY STRATEGY 

                                 SBI Card is Currently trading at 837.50/- . Stock is already corrected more then 44% from its recent high. But as Impressive result shown in last three quarter stock has given good bounce back. if you see the chart below stock is currently trading at its support level .I will be entering in stock on Monday with strict stop-loss of 790/-, the first resistance level of stock is 1000/- if stock shows' reversal before that then I will exit if its break resistance level then I will continue my ride till its find its next hurdle. (Note : its not Buy or sell Call I am going to tell what's my thought and strategy please do your own research before taking any financial decision)

            BROKERAGE HOUSE VIEW

         A)   31/10/2022   ICICI SECURITIES         TARGET  = RS. 1105/- 

         B)   31/10/2022   HDFC SECURITIES        TARGET  = RS. 1196/-

         C)   07/11/2022   GEOJIT BNP PARIBAS   TARGET =  RS. 927/-

DISCLAIMER : Investing in Stock Market is subject to market risk please consult your financial advisor or make your won research before taking any decision.