Stock market today: SBI Card and Payment Services On Thursday, the limited share price was 3% during intraday trades. The record date for dividend was 25 February ‘2025.
SBI card share price opened 842.15, slightly higher than the previous bandh 839.65, although Intrade proceeded to High 864.80, which meant about 3% profit on Thursday during intraday trades.
SBI Card Dividend Details
For the financial year 2024-2025, SBI card and payment services declared an interim dividend of Rs. 2.50 (Rs. 2 and fifty paise) per equity share (an inscribed price of Rs 10). The announcement of the interim dividend was 25% keeping in mind the dividend amount and the shares of SBI card shares.
The record date for determining the eligibility of SBI card and payment service shareholders was fixed for February 25 to get dividend payments. As per the record date of 25 February, investors who buy shares of SBI card and payment services one day before the record date will be added to the shareholders list to receive dividend payments under the T +1 settlement process.
Since SBI card and payment shares now look back behind dividend eligibility, should you buy stock after record date, what should you buy?
SBI Card Technical Views
The SBI cards share the share price is restarting its brakeout from a consolidated field with a bounce in buying a daily scale. The ROC indicators have built high high places that confirm the speed of fast, in sandalwood taparia, major – derivatives and technical, money management, Motel Oswal Financial Services Limited
He recommends buying SBI card and payment services shares for target price 885 and place at a stop loss 815.
SBI Card Fundamental Thoughts
Analysts of HSBC Securities and Capital Markets (India) Private Limited Post Q3 in their report said in Q3 results that it is positiveness to improve card issuance, soften the money market rates. Credit cost drop can earn fast in upgrade per share
HSBC had said that earning upgradation cycle is now more likely, other markers on property quality are more positive in 3QFY25.
HSBC has upgraded SBI card and payment services to buy on favorable risk-inam ratio. With the target value of 1,000 from 560 (first), earnings 21 times per share estimate of FY 27
Disclaimer: The views and recommendations given in this article are of individual analysts. They do not represent the ideas of mint. We recommend investors to investigate with certified experts before taking any investment decisions.
