SBI Cards shares rise after Q1 results and CLSA upgrade
pre-market1 source ↓written by the desknot a recommendation
- on 27 July
- 4%
- in net profit
- 19.5% YoY increase
- for Q1
- ₹664.4 cr
Shares of SBI Cards rose over 4% on 27 July following a 19.5% YoY increase in net profit to ₹664.4 cr for Q1. The results reflected improving asset quality and lower credit costs, despite concerns over muted loan growth and margin pressure. CLSA's upgrade further boosted investor sentiment.
Not investment advice. For informational purposes only.