SBI Cards achieved highest ever figures in both revenue and profit. However, despite this strong performance, the stock opened with a 7% decline. After the initial four minutes of trading, the stock began to rise and eventually stabilized around the 750 level.
It appears that an operator may be accumulating the stock, as it is trading at its listing price since then, and the profits have doubled. Additionally, there have been reports of a potential collaboration between Reliance and SBI for a new credit card, which has garnered attention in certain forums.
Based on a range-bound trading strategy, there is a possibility of an 18% increase in the stock's value.
It appears that an operator may be accumulating the stock, as it is trading at its listing price since then, and the profits have doubled. Additionally, there have been reports of a potential collaboration between Reliance and SBI for a new credit card, which has garnered attention in certain forums.
Based on a range-bound trading strategy, there is a possibility of an 18% increase in the stock's value.