Archive · 2 Jul 2025
SBI Cards Shares Fall After Goldman Sachs Downgrade
SBI Cards, a company that issues credit cards, saw its stock price drop.
This happened because a financial analysis company called Goldman Sachs changed their recommendation about the stock.
They now think the stock isn't as good a deal as before.
The company's recent profits also decreased, although their revenue increased.
The financial analysis company feels there are potential risks to the credit card business.
SBI Cards shares fell 2% on July 2 following a downgrade by Goldman Sachs.
Goldman Sachs lowered its rating to 'Neutral' from 'Buy' and set a target price of Rs 1,006.
The company's net profit fell 19% to Rs 534.2 crore in the quarter ending March 31, 2025.
Revenue from operations rose 7.5% YoY to Rs 4,674 crore in Q4FY24.
The gross NPA ratio was 3.08% as of March 31, 2025.
- Who
- SBI Cards and Goldman Sachs.
- What
- SBI Cards shares fell following a downgrade by Goldman Sachs and reported lower profits.
- When
- July 2, 2025 (shares fell); Quarter ended March 31, 2025 (financial results).
- Where
- BSE (Bombay Stock Exchange), India.
- Why
- Due to a downgrade from Goldman Sachs and lower net profits impacting investor confidence.
Current Market Sentiment
Goldman Sachs
Valuation
Current Market Sentiment
Strong share price performance recently.
Goldman Sachs
Risk-reward profile is more balanced near-term.
- Stock drop
- 1.98%
- Closing Price
- Rs 913.85
- Goldman Sachs Rating
- 'Neutral'
- Target Price
- Rs 1,006
- Net Profit (Q4FY25)
- Rs 534.2 crore
- Revenue from Operations
- Rs 4,674 crore
- Gross NPA ratio
- 3.08%
Sources
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