SBI Card Share Price Target 2024, 2025, 2030, 2040, 2050
The company is part of SBI Bank which generally provides different types of cards according to people’s uses.
This includes fancy cards, travel and shopping cards, regular cards, special cards made with other brands, and business cards. They also offer extra services to make payments easier.
What is SBI Cards and Payment Services Ltd NSE: SBICARD?
Contents
- 1 What is SBI Cards and Payment Services Ltd NSE: SBICARD?
- 2 SBI Card Share Price Target 2024
- 3 SBI Card Share Price Target 2025
- 4 SBI Card Share Price Target 2030
- 5 Share Price Target 2040
- 6 Share Price Target 2050
- 7 Price forecast
- 8 Should I Buy SBI Card Stock?
- 9 SBI Cards and Payment Services Ltd Earning Results
- 10 Is SBI Card Stock Good to Buy? (Bull case & Bear case)
- 11 Conclusion
- 12 FAQs
The company gives credit cards to people and also sells insurance to its cardholders. They provide different types of cards for people and businesses.
Its Cards and Payment Services Limited is part of the State Bank of India (SBI) and is the second-biggest credit card provider in India. It started as a private company on May 15, 1998, in New Delhi.
SBI has the most bank branches in India and plans to open more this year, which could increase its sales. This increase will obviously benefit the SBI share price. Experts think the share price will go up in 2024 because more people are using their credit cards. This will help the company and its stock do well.
The company’s owners also believe more people will use their credit cards soon, leading to more sales and money for the company. This is good news for people who own shares in the company. The performance in 2024 looks good for investors and the price target would be 990 rs this year as expected.
| Year | Minimum Price | Maximum Price |
| 2024 | 703 | 990 |
| Month | Minimum Price | Maximum Price |
| January | 703 | 778 |
| February | 696 | 748 |
| March | 676 | 742 |
| April | 685 | 765 |
| May | 689 | 735 |
| June | 647 | 739 |
| July | 632 | 750 |
| August | 692 | 780 |
| September | 705 | 810 |
| October | 716 | 860 |
| November | 740 | 890 |
| December | 811 | 990 |
As we know it is the biggest and oldest bank in India. They are making things easier with the internet and mobile apps, so customers don’t need to visit the branch as much. This is why its shares might seem expensive, they are improving a lot. The bank is spending a lot of money each year to make its system better. In current times a lot of people use the online card, for shopping or doing some other transactions. It is expected that the price target will be 1252 rs in 2025.
| Year | Minimum Price | Maximum Price |
| 2025 | 970 | 1252 |
| Month | Minimum Price | Maximum Price |
| January | 970 | 1060 |
| February | 986 | 1090 |
| March | 990 | 1100 |
| April | 1011 | 1132 |
| May | 1043 | 1170 |
| June | 1000 | 1070 |
| July | 1030 | 1079 |
| August | 1050 | 1096 |
| September | 1080 | 1120 |
| October | 1100 | 1170 |
| November | 1140 | 1190 |
| December | 1160 | 1252 |
The bank’s promoters believe this company will grow and increase in value. Most banks earn money mainly from loans, but this company is also strong in other areas like insurance, brokerage and credit cards. These services help the bank get more customers and boost sales. The company is working to make things better for its customers. They are making their services quicker and easier. They’re also offering good deals and exciting offers. We can go for a 2900 rs price target in 2030.
| Year | Minimum Price | Maximum Price |
| 2030 | 2500 | 2900 |
| Month | Minimum Price | Maximum Price |
| January | 2500 | 2630 |
| February | 2560 | 2690 |
| March | 2589 | 2700 |
| April | 2610 | 2680 |
| May | 2650 | 2700 |
| June | 2690 | 2740 |
| July | 2700 | 2793 |
| August | 2730 | 2810 |
| September | 2750 | 2841 |
| October | 2790 | 2860 |
| November | 2843 | 2870 |
| December | 2880 | 2900 |
The past record of this company is very good it gave very good returns to the investors. Also, it improves its banking and transaction service better. in our country, more people have started using credit cards than before. so there will be a good feature of this company. Investors for the long term can trust this company because it is a very old company and it is time to time improving its services for better services. We could expect a 3500 rs price target in 2040.
| Year | Minimum Price | Maximum Price |
| 2040 | 3100 | 3500 |
| Month | Minimum Price | Maximum Price |
| January | 3100 | 3260 |
| February | 3170 | 3200 |
| March | 3150 | 3270 |
| April | 3190 | 3285 |
| May | 3200 | 3310 |
| June | 3230 | 3350 |
| July | 3250 | 3390 |
| August | 3290 | 3400 |
| September | 3311 | 3470 |
| October | 3390 | 3400 |
| November | 3400 | 3470 |
| December | 3455 | 3500 |
SBI Bank is currently ahead of other government banks. SBI Bank is the biggest public sector bank in India. SBI Bank is working on projects that should make a lot of money over time. This could push its share price up a lot by 2050. Also as time increases the needs of the people will also increase and over time its share will expect to increase. So in 2050, the price target would be 8000 rs.
| Year | Minimum Price | Maximum Price |
| 2050 | 6900 | 8000 |
| Month | Minimum Price | Maximum Price |
| January | 6900 | 7200 |
| February | 6970 | 7290 |
| March | 7100 | 7280 |
| April | 7160 | 7300 |
| May | 7200 | 7350 |
| June | 7270 | 7340 |
| July | 7300 | 7400 |
| August | 7390 | 7520 |
| September | 7400 | 7600 |
| October | 7490 | 7730 |
| November | 7620 | 7911 |
| December | 7890 | 8000 |
Price forecast
| Year | Minimum Price | Maximum Price |
| 2024 | 703 | 990 |
| 2025 | 970 | 1252 |
| 2030 | 2500 | 2900 |
| 2040 | 3100 | 3500 |
| 2050 | 6900 | 8000 |
Should I Buy SBI Card Stock?
It is the oldest bank in India and people have very good trust in it. Talking to credit cards then in this time many people started using credit cards as they give urgent money in a time of need. The company’s past record also seems very good so it is a good choice to invest for the long term.
SBI Cards and Payment Services Ltd Earning Results
| Market cap | ₹65,805 Cr |
| PB ratio | 5.45 |
| ROE | 19.92% |
| Debt to equity | 3.30 |
| Diluted EPS | ₹25.37 |
| Cost to Income ratio | 66.67% |
| ROA | 4.14% |
| Dividend Yield | 0.36% |
| PE ratio (TTM) | 27.32 |
| Total Revenue | 4,347.72 Cr |
| Total Operating Expense | 2,862.59 CR |
| Operating Income | 1,485.13 Cr |
| Net Income | 662.37 Cr |
Is SBI Card Stock Good to Buy? (Bull case & Bear case)
Bull Case:
- More people in India are starting to use credit cards, which could help this company.
- This is part of SBI, India’s biggest public sector bank, giving it a solid foundation.
- With more people needing credit cards and digital payments becoming popular.
- It is working on new products and expanding its services.
- The company has shown steady financial performance.
Bear Case:
- Many other companies also offer credit cards, which could bring hard competition.
- Changes in rules about credit cards could impact Its users.
- Expanding and launching new products can be risky and costly, which might affect the company’s success.
Conclusion
So in this article, we have well discussed this company. It is a very old and trustworthy bank in India so you can trust its credit card company too. Its past record is very good. The investors had huge returns and had invested for the long term. So before investing please go through this article.
