SBI Card share price surges 5% on rating upgrades from Nomura, Nuvama
Stock Market Today: SBI Card share price surged 5 per cent in intra-day trade on Monday, January 6 after global brokerage Nomura and domestic brokerage Nuvama Institutional Equities upgraded the stock to ‘buy’ and raised their target prices.
Nomura has a target price of ₹825 on the stock, signalling an upside scope of 14 per cent as against its previous close of ₹723.10. Meanwhile, Nuvama’s target price of ₹850 suggests a 17.5% upside.
Following the bullish comments from brokerages, SBI Card share price rallied 5.12 per cent to the day’s high of 760.15 on the BSE.
Bullish Brokerage Views
Nomura
According to multiple media reports, Nomura has upgraded SBI Card to ‘buy’ on multiple growth triggers, including easing concerns on asset…
