The brokerage believes SBIC has strong moats to support robust long-term growth and aid gains in market share moving forward. It maintains BUY recommendation on the stock with a revised target price of Rs 1,240/share (45x FY23E EPS), implying an upside of 10% from CMP.
Is it good to invest in SBI Cards?
Investment Rationale
While SBI Cards is prone to some of the longer-term category disruption risks from UPI, BNPL, and potential regulations on swipe fees, the brokerage believes these will not only play out gradually but also offer adequate profitability set-offs.
Which bank is best for long term investment?
Detailed table with various parameters for Best Bank Stocks to Buy now in India
| Sr. No. | Company Name | BSE Scrip Code |
|---|---|---|
| 1 | HDFC Bank Ltd. | 500180 |
| 2 | Kotak Mahindra Bank Ltd. | 500247 |
| 3 | ICICI Bank Ltd. | 532174 |
| 4 | Axis Bank Ltd. | 532215 |
NSE 846.75 -22.95 ( -2.64 %)
| OPEN | 852.00 |
|---|---|
| 52-WEEK HIGH | 1165.00 |
| 52-WEEK LOW | 781.20 |
| MARKET CAP | 79829.54 |
| BUY Price | 0.00 |
SBI Cards and Payment Services fell 2.12% to Rs 908.50 after a foreign brokerage reportedly initiated coverage on the scrip with a ‘Sell’ rating and a price target of Rs 654.
According to stock market experts, this rally in SBI stocks is mainly due to the yesterday’s Union Cabinet’s clearance to the proposal of ₹30,600 crore government guarantee for security receipts issued by the National Asset Reconstruction Company (NARCL) as part of resolution of bad loans.
How can I double my money in 5 years?
If you want to double your money in 5 years, then you can apply the thumb rule in a reverse way. Divide the 72 by the number of years in which you want to double your money. So to double your money in 5 years you will have to invest money at the rate of 72/5 = 14.40% p.a. to achieve your target.
Which is the best investment for 3 years?
Best Short Term Investment Options for 3 Years
| Sr No. | Short Term Investment Options | Ideal For |
|---|---|---|
| 1 | Savings accounts | Better liquidity (4%-7% returns) |
| 2 | Liquid funds | People looking for secure investments (4%-7% returns) |
| 3 | Short term funds | At par with Liquid funds |
| 4 | Recurring deposits | People who want to invest on a monthly basis |
What is the best investment for 5 years?
Best Investment Plans for 5 years
- Liquid Funds. Also known as money market fund, these are a type of mutual fund scheme, which invests the money in short-term government securities and certificates. …
- Savings Account. …
- Post-Office Time Deposits. …
- Large Cap Mutual Fund. …
- Stock market/ Derivatives.