SBI Card Q4 results miss Street estimates; what should investors do now?

Analysts believe that the superior valuations of SBI Card and Payment stock would likely hold despite the near-term challenges

Shares of SBI Card and Payment Services gained 4.8 per cent to Rs 964 on the National Stock Exchange (NSE) in the intra-day deals on Tuesday after net profit of State Bank of India's credit card arm more-than-doubled to Rs 175 crore in the March quarter (Q4) of financial year 2020-21 (FY21) compared with the Rs 84 crore it reported in the corresponding period last year. This was because of lower provisions and a significant jump in other income and income from fees and services.

Its interest income however, declined 20 per cent year-on-year (YoY) to Rs 1,072 crore in