SBI Cards shares rise after Q1 results and CLSA upgrade
after close1 source ↓written by the desknot a recommendation
Shares of SBI Cards rose over 4% on 27 July following its Q1 earnings report, which showed a 19.5% YoY increase in net profit to ₹664.4 cr. While asset quality improved and credit costs decreased, concerns about muted loan growth and margin pressure remained. CLSA upgraded its rating, reflecting positive sentiment among investors.
Not investment advice. For informational purposes only.