Research Reports published by KOTAK SECURITIES

Name: Latest research reports of SBI Cards and Payment Services Ltd. authored by Kotak Securities and published by - Trendlyne research reports.
Item: SBI Cards and Payment Services Ltd.
Rating: 5
Author: Kotak Securities

Latest research reports published by Kotak Securities

Market Movement

TREND | 20 Oct 2022

Top Stock Picks on October 19

Market Movement

Kotak Securities

Greenply Industries, Balaji Amines, KNR Construction and others

KRChoksey released a Economy Update report for Market Movement on 10 Apr, 2025.

SBI Cards and Payment Services Ltd.

28 Jul 2022

852.00

0.64%

Earnings doubled led by declining credit costs and recovery in operating profits

Buy: SBI Cards and Payment Serv...

Kotak Securities

Business in top gear. SBI Cards reported ~105% earnings growth on the back of 22% yoy operating profit growth and ~30% yoy decline in provisions. The business is showing solid growth signals with spend growth at 80% yoy, card growth at ~20% yoy and receivables growth at 40% yoy.

SBI Cards and Paymen.. has an average target of 785.20 from 6 brokers.

Dalmia Bharat Ltd.

07 Feb 2022

1811.65

-0.78%

3QFY22 earnings—EBITDA miss on lower prices and higher costs

Accumulate: Dalmia Bharat Ltd.

Target

Kotak Securities

Forgettable quarter. DALBHARA’s 3QFY22 EBITDA, in line with our estimates, declined sharply (-41% yoy, 26% qoq) due to a triple whammy of weak demand, higher costs and weak prices. However, we see the worst operating performance behind and expect stronger demand, higher prices and abating cost pressures in the coming quarters.

Number of FII/FPI investors decreased from 237 to 231 in Dec 2024 qtr

Jubilant Foodworks Ltd.

30 Dec 2021

685.30

0.04%

JUBI is progressing well in its transition into a multi-brand Quick Service Restaurant

accumulate: Jubilant Foodworks Ltd.

Kotak Securities

We expect earnings to grow by 54.2% in FY23E & grow by 22.2% in FY24E.

Jubilant Foodworks Ltd. has gained 48.54% in the last 1 Year

Dalmia Bharat Ltd.

30 Oct 2021

1811.65

-0.78%

Price weakness in East drags margin

Accumulate: Dalmia Bharat Ltd.

Kotak Securities

2QFY22 EBITDA was 6% ahead of our estimates with lower costs more than offsetting pricing pressure in East with 7% qoq lower realization. Divestment of non-core investments (IEX, Hippo) and focus on organic growth will help address investor concerns on capital allocation. The company would reach 36 mtpa capacity in FY2022E and is embarking on the next phase of expansion.

Number of FII/FPI investors decreased from 237 to 231 in Dec 2024 qtr

Radico Khaitan Ltd.

06 May 2019

2359.70

1.68%

Radico Khaitan

Buy: Radico Khaitan Ltd.

Target

Kotak Securities

of our estimates, driven by 6.2% yoy growth in IMFL volume which was at 5.1 mn cases. Volume in Prestige and above category grew at 22.1% yoy while Regular category grew at a slower pace of 1.3% yoy. Volume growth in...

Radico Khaitan Ltd. has gained 33.42% in the last 1 Year

Persistent Systems Ltd.

02 May 2019

4544.60

3.22%

Persistent

Buy: Persistent Systems Ltd.

Target

Kotak Securities

Revenue growth in US$ term remains lower than our expectation. Persistent's Q4FY19 consolidated revenue decreased by 2% qoq in US$ terms to US$ 118 mn (vs expectation of US$ 121 mn) led by 15% qoq decrease in IP revenue (partly due to seasonality factor and partly due to lower revenue from top clients). Going forward, the company indicated that...

Persistent Systems L.. has an average target of 6097.88 from 8 brokers.

GHCL Ltd.

30 Apr 2019

593.00

2.11%

Guj Heavy Chem

Buy: GHCL Ltd.

Target

Kotak Securities

GHCL's Q4FY19 numbers were above our estimates on all parameters. Soda Ash segment continued with its strong performance, supported by tight demand supply in the domestic market resulting in outperformance. Strong operating performance, led to 44.3% YoY and 15.7% QoQ jump in PAT to...

GHCL Ltd. is trading below all available SMAs

Cyient Ltd.

26 Apr 2019

1144.20

-0.43%

Cyient

Buy: Cyient Ltd.

Target

Kotak Securities

Cyient Q4FY19 revenue de-grew by 0.3% QoQ in CC terms to USD 165.2 mn below our estimate. However, in FY19 revenue grew 10.1% YoY to US$660 mn in CC terms. In Q4FY19, Services revenue stood at $ 146.9 mn; growth of 1.7% QoQ (1.4% in CC), 2.9% YoY. On a consolidated basis, operating...

Cyient Ltd. is trading below all available SMAs

Maharashtra Seamless Ltd.

26 Apr 2019

663.90

5.04%

Mah Seamless

Buy: Maharashtra Seamless Ltd.

Target

Kotak Securities

Maharashtra Seamless Ltd. has lost -25.98% in the last 1 Year