SBI Cards shares jump 5% after 'buy' ratings from Nuvama and Nomura, fueled by positive forecasts.

SBI Cards and Payment Services shares rose 5% after upgrades to 'buy' ratings by brokerages Nuvama and Nomura, with improved credit cost forecasts and potential policy rate cuts boosting expectations. SBI's target prices were set at Rs 825 by Nomura and Rs 850 by Nuvama. Other financial firms also issued positive updates on Bajaj Finance and HDFC Bank, predicting significant stock upside in 2025.

3 months ago
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