SBI Cards-5a018d4f

SBI Card down 2.42% after Goldman Sachs’s “Sell” initiative

SBI Cards and Payment Services slips 2.42% after Goldman Sachs initiates “Sell” rating for the stock.  The brokerage firm sees headwinds in the form of intense competition and increasing regulatory requirements. Along with this, increase in credit losses is another major concern.  It expects a moderate earnings growth of 18% in FY22-25E vs. 27% in …

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