The Prices page of State Bank of India. The bank further built COVID-19 provisions of INR18.4b, taking the total COVID related provisions to INR30b (15% on SMA accounts overdue on 29 NII grew 16% YoY (+17% QoQ) to INR266b with domestic NIMs improving by Other income grew 18% YoY, led by stake sale gains of INR15.4b in SBILIFE while opex growth moderated to 2% YoY (11% QoQ decline), and thus, C/I ratio improved to 50% (v/s 52.5% in 4QFY20). Total slippages declined to INR39.1b (0.7% annualized), facilitating a 13%/18% QoQ decline in GNPLs/NNPLs. While we have reduced our slippage and provisioning estimates, they remain conservative. PCR improved ~190bp QoQ to 67% Overall, 90.5% of term loans have paid two or more EMIs while the rest have paid less than two EMIs these include 4.2% in retail and SME, 3.3% in private corporates and the rest 2.0% are AAA or AA rated companies. However, on a normalised basis, asset quality deteriorated marginally, with GNPA and NNPA ratios increasing by 44 bps and 22 bps, respectively. The bank reported a sharp improvement in collection efficiency to 97% in 2Q. However, ~Rs.60bn of these have been already upgraded in... State Bank of India's (SBI's) Q2FY2021 numbers largely met expectations, wherein operational numbers were in-line, but asset quality performance was mixed. 3) Business growth in line with industry aided by strong domestic NIMs (3.24% v/s 2.97% in the previous... We initiate Buy on State Bank of India (SBIN) with a target price of Rs 240 (SOTP basis, valuing core book at 0.6x FY22E ABV and Subsidiary value at Rs 110). As on 05 Tue Jan 2021 Current price of Sbi Cards & Pay Ser Ltd SBICARD is 913.85 and trend of stock is towards upside and stock can be bought for price targets of 933.03, 1005.24 Tomorrow's share price targets for Sbi Cards & Pay Ser Ltd are 905.57 and 922.88 on the upside . Tata Elxsi | LTP: Rs 1,885 | Target price: Rs 2,030 | Stop loss: Rs 1,802 | Upside: 8% On December 23, 2020, the stock broke out from the rectangle pattern on the charts. Fresh slippages estimated for H2FY21 stood at |20000 crore, apart from Q2FY21 unrecognised |14380 crore while total... Earnings normalization begins sharply raise FY21/FY22E by 45%/24% State Bank of India (SBIN) reported a decent quarter, with healthy NII growth, led by margin expansion, and retail credit growth recovering to pre-COVID levels. We still remain bullish for the stock for the price target of Rs 1,250 in next 1 year," said Manali Bhatia. 1,539 crore from the subsidiary. Welcome, Hello & नमस्ते!!! They are expected to be announced on or before Feb 26, 2020. 7,957 crore, flat y-o-y but was down by 40% q-o-q, mainly as the quarter saw impact of fee and charge waivers amidst pandemic. We expect credit costs to normalize from FY22E. It also contains the Live Stock Price and Volume, 52 Week High Low, Bid and Offer Price and Volume, Intraday and Historical Price Chart. Shares of the company of SBI Cards and Payment Services Ltd. quoted a 52-week high of Rs 769.0 and a 52-week low of Rs 495.25. SBI Card being a leading players in the market, both in terms of cards outstanding and spends, is likely to be a key beneficiary of this trend, they said. SBI reported a healthy operational performance with NII surging 14.6% YoY on the back of sequential improvement in margins. Bid Price (Qty) 282.70 (15000) Offer Price (Qty) 282.80 (6000) Open Interest. Despite the recent AT-1 and Tier 2 capital raise, we believe it will be prudent for SBIN to raise equity capital. The stock’s last traded price is Rs 822. The appointment of new the MD & CEO, removes concerns around the leadership void at the bank. State Bank of India (SBI) is an attractive play on a gradual recovery in Indian economy, with a healthy PCR (88% including Technical Write Off), robust Tier 1 capital ratio of ~11.9% and a strong liability franchise. These are possible Sbi Cards & Pay Ser Ltd weekly share price targets. Stock trades at 1.2x / 1.0x its FY2022E / FY2023E ABVPS which is reasonable;... Limited retail/SME stress and corporate resolution reacceleration to limit NPAs/credit cost: SBI's GNPA has steadily declined to 5.3% since FY18. Teamlease has ~40% exposure to high impacted verticals like infra, manufacturing, ENU, auto, and retail. SBI shares were currently trading at ₹ 280 levels SBI share price target raised by Emkay, which sees 20% upside from current level 1 min read. - Buy->Hold). Well provided for; visibility on recoveries; downside risks limited State Bank Of India (SBI) reported strong earnings for 1QFY21, led by margin expansion (up 4bps to 3.01% on reported basis). GNPA stood at 5.9% mainly from the SME/agri segment, but the bank has seen some pull-back in Oct'20. The bank's CASA increased to 43.83% (43.53% in Q4FY20), as the... Teamlease Services: Teamlease delivered an in-line revenue and better margin performance in what is being termed as a tough quarter. We maintain Buy on the stock with target price of Rs 261 (SOTP basis core book at 0.6x and subsidiaries at Rs 111). Like IRCTC SBI cards IPO might not be a blockbuster as compared to IRCTC because of few reasons mentioned below. (2 new), After a Late Start, Cipla Works to Expand the Global Business, Britain working with Pfizer, AstraZeneca to increase vaccine supplies, Results Declared in Last Two Days with both YoY and QoQ Profit Growth, MFs for your child's education or retirement, Create your own screener (from 1000+ indicators), Shareholding screeners for promoters, MFs, institutions, Just getting started? We maintain REDUCE with a target price of Rs 35. Limited retail/SME stress and corporate resolution reacceleration to limit NPAs/credit co... Asset quality steady; PPoP->PAT conversion set to improve, Asset quality outlook encouraging; valuations extremely compelling. Collection efficiency for domestic loans (excl. Prabhudas Lilladher has given an accumulate rating to SBI Card with a target price of Rs 895. With retail growth back to pre-COVID levels and improving trends in Home loans, Auto loans, Gold loans, etc. We recommend buy trade which could be profitable for a price target of 845.2 with a stoploss of 824.7 for today or tomorrow. Total market cap of the SBI Cards and Payment Services Ltd. stood at Rs 62567.39 crore at the time of writing this report. Non-interest income was nearly flat YoY and down 40% QoQ. This reflects, a fall of 33 per cent from IPO price. - Sell->Hold). Fee income was down 13.7% YoY and 43.2% QoQ. While collection trends have improved to ~97%, restructuring of up to 1% of loans is expected. These share price targets & forecast are valid for short-term, mid-term to long-term. - Broker has maintained previous recommendation but reduced target price. Recovery is expected in 2H with a flat 2Q. The stock, which on Monday crashed 15 per cent to ₹505.60, hit the market at a price of ₹755 on March 16. We reiterate our coverage on Bajaj Finance Ltd with a BUY rating and target price of ₹4,818 per share,” the brokerage company said. Furthermore, moratorium availed in corporate accounts is much lower than expected while total COVID-19 provisions of INR30b and lower SMA book of INR17.5 (0.1% of loans) provides comfort. The guidance looks optimistic, but management contends that its retail book remains resilient, built largely around... State Bank of India (SBIN) is the largest public sector bank in terms of assets, deposits, branches, number of customers, and employees having pan-India presence. People are recommending it to be a good stock likely to yield 4x, 5x or more returns in 10 years timeframe. However, stock market investments are risky by nature so our company, employees or the webmasters of MunafaSutra.com are not responsible for your losses or profits, and your returns will depend on your own personal trading methods only. The upper and lower price bands, for scrips on which derivative products are available or scrips included in indices on which derivative products are available, are on the basis of dynamic price band of 10%. Macquarie has initiated coverage on SBI Cards & Payment Services with an outperform rating at a target price of Rs 1,025. However, weak other income and higher provisions expenses resulted in PPOP and PAT missing estimates. SBI strongly beat earnings estimates by 72% with a PAT of Rs45.7bn, aided by slightly bet... STATE BANK OF INDIA - Steady growth & Attractive valuation, State Bank of India- 1QFY21 Result Update- Well provided for; visibility on recoveries; downside risks limited-, HSIE Results Daily: Reliance Inds, State Bank of India, Cholamandalam, Teamlease, Karur Vysya Bank, Robust quarter; Moratorium book declines at rapid pace. we expect gradual deployment of excess liquidity toward... SBIN has one of the strongest deposit franchises; this, along with inexpensive valuations, drives our BUY rating (SoTP value of Rs 317) State Bank of India: SBINs 2Q earnings were ahead of estimates, led by lower-than-expected provisions. These have been common themes across most of our coverage this quarter. 52 week high & 52 week low prices are adjusted for Bonus, Split & Rights Corporate actions. These are possible Sbi Cards & Pay Ser Ltd share price targets. : PFIZER, ASTRAZEN, News by Trendlyne SBI Cards is trading lower than 5, 20, 50, 100 and 200-day moving averages. from the last price of 287.70. The SBI Card IPO opens on Mar 2, 2020, and closes on Mar 5, 2020. : Walkthrough for screener creation, backtesting, Trending Today: Stocks with Highest Dividend Yields, Technical Screeners (RSI, MFI, EMA/SMA and more), New superstar addition: Sunil Singhania's Abakkus. SBI Cards share closed 5.22% or … - This broker has upgraded this stock from it's previous report.(eg. Continued trend in Asset Quality improvement, steady 1QFY21 performance and attractive valuation reinforce our conviction that the bank is well placed to fight impending stress. Karur Vysya Bank: KVB's 1QFY20 earnings were ahead of estimates, buoyed by higher-than-expected treasury gains. The bank operates 21,959 branches globally and has a vast network of 58,599 ATMs/CDMs. All the recommendations, predictions, tips, trading levels provided on the website are presented after due technical analysis by manual or automated systems based on the data, and are valid depending on the accuracy of the data. SBIN carries healthy PCR of ~88% on corporate NPA. As of March 20, SBIN has a network of 22,141 branches and 58,555 ATMS. 2) A positive surprise on Loan under moratorium which reduced to 9.5% of loan amount against 23% declared earlier. Updated: 04 … However, the transition of the bank's top post is likely to be a key overhang. They have more competition in the business with private bank sectors. Sbi Cards SBICARD share price forecast & targets for mid-term is a uptrend, and nearest possible future share price target is 953.43 or 918.75 Sbi Cards is currently trading at 913.85 However, if the trend reverses from this point, then a possible future share price target could be 822 or 766.10 Price target in 14 days: 951.148 INR. State Bank of India (SBI) posted encouraging results with asset-quality improvement on a sequential basis, even as operational performance came mixed, aided by one-time gain of stake sale benefit of Rs. It is a pure play on discretionary consumption, retail credit and digital payments. Weekly share price targets Yearly share price targets Monthly share price targets Intraday share price targets All share price targets. Even though the bank has seen elevated stress over an elongated period, asset quality risks are likely to remain elevated in the near term, especially with the sticky moratorium portfolio. - Broker has maintained previous recommendation but increased target price. Overall collection efficiency has touched 97%, similar to large private peers. State Bank of India share price forecast The 44 reports from 16 analysts offering long term price targets for State Bank of India have an average target of 288.73. The stock of Sbi Cards & Pay Ser Ltd can try to reach, or even cross these levels in monthly sessions. The share price moved down by 3.67 per cent from its previous close of Rs 853.35. Proforma slippages were relatively higher at Rs14.4bn. Pro forma NPAs were sharply higher at 5.88% (up 60 bps QoQ), led by slippages of Rs140bn or 2.5%. 60,000 crore for FY2021 slippages and restructuring (~2.5% of gross advances), and only ~Rs 2,000 crore of provisions remaining provide comfort. Other income declined by 29% YoY and 10.2% QoQ as a result of higher base due to stake sale. I have read a lot of comments on this. Management indicated total restructuring of INR200b (~0.9% of loans) and a total asset quality impact of INR600b (including restructuring) in FY21E, corresponding to 2.6% of loans. Intraday forecast of Sbi Cards is towards buy and stock might move higher. The cash generation (OCF/EBITDA at 80%) improved due to lower withholding tax. Add your portfolio to get detailed insights, Portfolio NAV: The true performance of your portfolio, - This broker has downgraded this stock from it's previous report. represents an upside of 0.36% Sbi Card Share Price Target | Sbi Card Share Analysis | Sbi Card Share Latest News Today | Sbi Card, full details with Technical Analysis. employees. As a result, NII grew by 16.1% YoY and 17% QoQ. Question Or SupportPlease drop a line if you've any inquiry. Manageable asset quality outlook with a 97% collection efficiency, guidance of just Rs. 26,642 crore, up 16.1% y-o-y and 17% q-o-q, in line with estimates. Improving prospects of resolutions in some large corporates should further reduce corporate NPAs. Discover historical prices for SBIN.NS stock on Yahoo Finance. Further, legacy issues in the corporate NPA cycle is now largely behind. Cost to income ratio for the bank increased by 514 bps QoQ to 55.16% led by one off wage provision of ~| 1600 crore. SBI Cards and Payments (SBI Card) got off to a tepid debut on Monday, as the scrip got listed at Rs 658 on the BSE, a 12.85 per cent discount to its issue price of Rs 755. The pointers which acknowledge our conviction are: 1) In 1QFY21, gross slippages declined to 39.1bn v/s 82.9bn in the previous quarter, which resulted in decline in headline NPA ratios with GNPA at 5.44% (v/s 6.15% in 4QFY20) and NNPA at 1.86% (v/s 2.23% in 4QFY20). The bank also expects limited stress after Covid-19, given its relatively resilient retail book that includes secured mortgages and unsecured PL built largely around salaried govt. proforma slippages) largely around BAU levels (Rs100bn in each quarter). NSE Stock Exchange Bombay Stock Exchange Commodity MCX India NYSE New York Stock Exchange NASDAQ Stock Exchange AMEX American Stock Exchange INDICES Global Indices Forex Foreign Exchange, Terms of use: Data is provided as is and MunafaSutra.com cannot guarantee the accuracy of the data and it's presentation. Over 60% of these came from the agri portfolio. agri loans) is at an encouraging 97%. Asset quality picture appears manageable, PCR of 88.2% is a cushion for investors; legacy assets are well-provided for; margins expected to be stable SBI currently trades at 0.8x / 0.7x its FY2022E / FY2023E book value; we maintain a Buy... SBI strongly beat earnings estimates by 72% with a PAT of Rs45.7bn, aided by slightly better margins and contained provisions. The stock price of SBI Cards has traded in a wide range of Rs 79.45, with an intraday volatility of 10.83%. ECLGS/restructuring should limit the stress in the otherwise risky SME portfolio. View daily, weekly or monthly formats back to when STATE BK OF INDIA stock was issued. SBIN with business size of ~Rs 57trn is the largest commercial bank with ~22.8/19.7% market share in deposits/ advances in India. 67,452,000 SBI Card IPO also has a reserved quota for SBI employees. The stock is, however, trading above brokerage firm's target price of Rs 900 per share. The impact of the pandemic was felt on core staffing (-14.4% QoQ) and specialised staffing (-5.3% QoQ). The consensus estimate represents an upside of 2.73% from the last price of 281.05. State Bank SBIN share price forecast & targets for mid-term is a uptrend, and nearest possible future share price target is 328 or 283.90 State Bank is currently trading at 281.75 However, if the trend reverses from this point, then a possible future share price target could be 262 or 182.40 The stock can touch or cross these levels during weekly trading sessions. 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