SBI CARDS LT Investment

Sep 3

SBICARD After a long consolidation period starting from Jan till date has finally given a breakout today with good % increase

SBI currently holds the highest number of Bank accounts, and the credit card industry which is yet to boom in India currently has a lot of potential for new customer acquisitions and thus makes SBICARD a very promising company, their earnings have been robust and the next boom from rate cuts will be enjoyed by banks and financial institutions like SBICARD

Although there are many great prospects, we should not forget the risk that we are already at ATH markets and the US economy has to be completely stable with rate cuts and job markets for us to have a smooth journey towards ATH of this stock, however the potential and market sentiments and conditions makes it a stock which can be considered for investment from a long term perspective.