SBI Cards Technical Analysis
Reference Closing Price: ₹637
Immediate Support Level: ₹623 – ₹616
Strong Support Level: ₹606 – ₹597 (Major multi-month base & key historical structural demand zone)
Short-term Levels: ₹648 – ₹660
Bullish Breakout Point: Above ₹664 – ₹670
SBI Cards Company Overview
Business Profile
India’s second-largest credit card issuer commanding substantial market share in cards-in-force and total spends, offering a comprehensive portfolio of individual and corporate credit cards backed by State Bank of India.
Face Value: ₹10
Promoter Holding
68.86% (Promoted by State Bank of India, with strong foreign institutional and domestic mutual fund backing)
SBI Cards Financials & Outlook
Quarterly Performance
Robust operational top-line with quarterly total revenue consistently exceeding ₹5,000–₹5,350+ crore and quarterly Operating Profit (EBIT) maintained around ₹1,500–₹1,600+ crore.
Growth Drivers
Expanding cardholder base exceeding 22+ million cards-in-force, strong growth in festive/digital spends, strategic co-branded partnerships, expansion in UPI-linked RuPay credit card adoption, and robust capital adequacy position.
Long-term View
Favorable structural growth narrative driven by India’s expanding digital payment ecosystem, under-penetrated credit card market, leverage from parent SBI’s vast distribution network, and improving asset quality metrics over time.
Disclaimer
Stock levels and commentary are shared strictly for illustration and are not buy, sell, or hold recommendations. Investments in the securities market are subject to market risks, carefully read and agree to all disclaimers and related documents on www.nikhilbhatt.in before investing.
