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Below View On Sbi Cards and payment services By Gaurang Shah, Sr. Vice President at Geojit Financial Services.

"On the fundamental side, Geojit Financial Services has a positive coverage on SBI cards from a long term point of view. And our sense of belief is that whatever disappointment has been faced in the second quarter of this financial year will be overcome over the next couple of quarters in terms of earning visibility. And after the pandemic and the new normal, more and more people are shifting from hard currency to either e-commerce payment interface or credit card and a large part of the dominance for SBI cards has been from the credit card subscription-based point of view. So, this is a negative one and our sense is that over a period of the next couple of quarters earnings should improve and that will reflect upon the share price. Dips like this are great opportunities for investors to look at this stock as an investment right for the long term side"

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