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SBI card shares rise 3%; Motilal Oswal upgrades stock to ‘buy’, Morgan Stanley, Prabhudas Lilladher also positive

Sumary of SBI card shares rise 3%; Motilal Oswal upgrades stock to ‘buy’, Morgan Stanley, Prabhudas Lilladher also positive:

  • Shares of the country second-largest credit card firm were under pressure on March 17 after private equity firm Carlyle sold around 4 percent stake to raise around $513 million, according to a deal term sheet viewed by Moneycontrol…
  • However, the stake sale by Carlyle has not been seen as a negative and brokerages have maintained their positive view on the stock…
  • The broking firm, in its earlier report, had highlighted the structural growth story and the unique play on rising retail credit that has been offered by the company….

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