Kotak Institutional Equities has initiated coverage on the SBI Cards with a target price of Rs 900. They are positive on SBI Cards on the back of a strong revenue growth from the underpenetrated payments play.

A highly profitable lending book and a strong parentage also seen as a benefit for the company.

CNBC-TV18’s Nimesh Shah gets more details in the special segment ‘Standout Brokerage Report’.

Watch the video for more

(Edited by : Ajay Vaishnav)

First Published:Dec 29, 2020 1:54 PM IST