SBI Cards falls 3% on weak Q2 results, brokerages downgrade stock
Wed, Oct 30, 2024 12:35 PM

SBI Cards falls 3% on weak Q2 results, brokerages downgrade stock

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Shares of SBI Cards and Payment Services declined over 3 percent to Rs 664 per share on October 30 after brokerages were disappointed with its dismal July-September (Q2FY25) quarter performance. Majority of them reduced their outlook on the counter, slashing target prices, seeing difficult remainder of the year. Nomura shared a 'reduce' rating on SBI Cards and shared target price of Rs 625 apiece.

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