Vodafone Idea FPO
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Vodafone Idea FPO
Outlook & Valuation: At the upper end of the price band, SBI Cards is valued at
45.5x of 9MFY2020 annualised earnings. Although the valuations are a bit on
the higher side, we are positive on the future outlook of the company given
favorable industry scenario, large untapped SBI Bank customers and strong
financial track record. We recommend a Subscribe to the issue.
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