In the Nifty Smallcap 100 basket, Ola Electric Mobility was the top loser, falling more than 4 per cent to ₹35.68. NBCC was down over 3 per cent
SBI Cards is expected to benefit from easing credit costs and improving asset quality, with rising spends and better portfolio performance likely to support stronger growth ahead
Analysts believe the worst of stress cycle is over & that SBI Cards is entering final phase of its balance sheet cleanup, setting the stage for a recovery in credit costs, CIF growth & return ratios.
SBI Life rallied 3%, while SBI Card dropped 3% post Q2 results; the parent company SBI is scheduled to announce earnings on Nov 4. Here's a likely trading strategy in SBI group shares?
Management guided gross credit cost would trend down from current levels over the next two quarters. While an exact range was not provided, they stated that the credit cost would be below 9 per cent
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SBI, SBI Card, Canara Bank, Tata Chemicals and Wipro have witnessed a short-term breakout as per the price-to-moving averages action, shows the daily chart.
The company's profit after tax (PAT) for the quarter ended June 30, 2025, declined 6.3 per cent to ₹556 crore as against ₹594 crore reported in Q1FY25.