{"id":75598,"date":"2022-11-30T12:42:00","date_gmt":"2022-11-30T07:12:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=75598"},"modified":"2022-11-30T12:38:38","modified_gmt":"2022-11-30T07:08:38","slug":"credit-card-spending-reaches-all-time-high-and-analysts-see-a-46-upside-in-this-credit-card-stock","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/credit-card-spending-reaches-all-time-high-and-analysts-see-a-46-upside-in-this-credit-card-stock\/","title":{"rendered":"Credit card spending reaches all-time high and analysts see a 46% upside in this credit card stock"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-464922060\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Credit card spending touched an all-time high of \u20b9 1.29 trillion in October, aided by festival season purchases. According to the latest data released by the Reserve Bank of India (RBI), this is 5.5 per cent higher than the previous month\u2019s figure of \u20b9 1.22 trillion.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1866757232\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The RBI had mandated card issuers to deactivate credit cards that were inactive for a year, leading to a net reduction in credit cards. On average, the industry was witnessing a net addition of over 1.5 million credit cards a month as players became aggressive in the unsecured lending business after the pandemic, before the RBI norms kicked in.&nbsp;<\/p><p>The net addition was led by <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SBICARD\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">SBI Cards and Payment Services<\/a><\/strong>, which added 339,160 cards in October. It was followed by Axis Bank with 261,367 cards, ICICI Bank with 221,280 cards and HDFC Bank with 217,979 cards.\u00a0<\/p><p>SBI Cards and Payment Services Limited is a non-deposit-accepting, non-banking financial company registered with the RBI. It issues credit cards to consumers in India and is a subsidiary of India\u2019s largest commercial bank, the State Bank of India.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-4203559754\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>It is a large-cap company with a market capitalization of 78841 crores and its shares were trading at \u20b9 819.60 at 11:32 AM on Wednesday. It has a good return on equity of 23.00 per cent. However, it has a debt-to-equity ratio of 3.16. Its shares were trading at a price-to-equity ratio (P\/E) of 36.48, which is higher than the industry P\/E of 25.24, indicating that the stock might be overvalued.&nbsp;<\/p><p>Motilal Oswal Financial Services has a buy call on the shares of SBI Cards and Payment Services with a target price of \u20b9 1100. This translates to an upside of 34.21 per cent as compared to its share price.&nbsp;<\/p><p>HDFC Securities has a buy call on the shares of SBI Cards and Payment Services with a reduced target price of \u20b9 1196. Earlier it had given a target price of 1229.00. The latest target implies an upside of 45.92 per cent as compared to its share price. In its research report dated October 31, the brokerage said that the company\u2019s efforts at portfolio releverage with a higher share of self-employed customers in incremental card sourcing are yet to fructify.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna\u00a0<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3236242314\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Credit card spending touched an all-time high of \u20b9 1.29 trillion in October, aided by festival season purchases. According to the latest data released by the Reserve Bank of India (RBI), this is 5.5 per cent higher than the previous month\u2019s figure of \u20b9 1.22 trillion.&nbsp; The RBI had mandated card issuers to deactivate credit [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":31972,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[],"class_list":["post-75598","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Credit card spending reaches all-time high and analysts see a 46% upside in this credit card stock - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/credit-card-spending-reaches-all-time-high-and-analysts-see-a-46-upside-in-this-credit-card-stock\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Credit card spending reaches all-time high and analysts see a 46% upside in this credit card stock\" \/>\n<meta property=\"og:description\" content=\"Credit card spending touched an all-time high of \u20b9 1.29 trillion in October, aided by festival season purchases. According to the latest data released by the Reserve Bank of India (RBI), this is 5.5 per cent higher than the previous month\u2019s figure of \u20b9 1.22 trillion.&nbsp; The RBI had mandated card issuers to deactivate credit [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/credit-card-spending-reaches-all-time-high-and-analysts-see-a-46-upside-in-this-credit-card-stock\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-30T07:12:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/03\/credit-card-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/03\/credit-card-Cover-Image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/credit-card-spending-reaches-all-time-high-and-analysts-see-a-46-upside-in-this-credit-card-stock\/\",\"url\":\"https:\/\/tradebrains.in\/features\/credit-card-spending-reaches-all-time-high-and-analysts-see-a-46-upside-in-this-credit-card-stock\/\",\"name\":\"Credit card spending reaches all-time high and analysts see a 46% upside in this credit card stock - 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