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SBI Cards Upgraded To ‘Outperform’ By Macquarie As Tailwinds Aid In Turning Tide

SBI Cards and Payment Services Ltd. received a target and rating hike from Macquarie Research, citing that the “tide may be turning” with falling costs and easing liquidity.

The brokerage upgraded the stock to ‘outperform’ from ‘neutral’ and hiked the target to Rs 1,000 per share from Rs 735…

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