In order to expand the adoption of digital payments in a safe and secure manner, it is proposed to enhance, at the discretion of the user, the limits for contactless card transactions and e-mandates for recurring transactions through cards (and UPI) from Rs 2,000 to Rs 5,000 from January 1, 2021 (Image Source: Reuters) PRO Only Highlights - Quarterly performance largely backed by improved realisations - Medium-term triggers China plus and protectionist measures for tyre industry - Valuations not inexpensive; but improved medium-term outlook SBI Cards and Payments Services (CMP: Rs 920, Mcap: Rs 86,823 crore) has significantly underperformed the broad benchmark year-to-date (YTD). While the Nifty has risen by 24 percent YTD, SBI Cards has delivered a mere 8 percent return in the same period. Obviously, the stock’s performance reflects the disruption caused by the pandemic to the business of SBI Cards. Impacted by the Covid, the profitability of SBI Cards declined … [Read more...] about SBI Cards – Should you look at the stock, post moderation in valuation?
Reliance Industries Ltd (File image) PRO Only Highlights - Quarterly performance largely backed by improved realisations - Medium-term triggers China plus and protectionist measures for tyre industry - Valuations not inexpensive; but improved medium-term outlook Reliance Industries (RIL) (CMP: Rs 2,477; Mcap: Rs 16,76,037 cr) reported another quarter of strong sequential growth, chiefly helped by improvement in Oil & Gas and scaling up in Retail operations. Even though Jio saw mid-single digit revenue growth, its operating margin improved significantly, driven by operating leverage and interconnect usage charges (IUC) related benefits. Retail and digital assets are moving from strength to strength in terms of capabilities through inorganic forays, indicating that RIL would be in a vantage position to capitalise on new age businesses and normalisation of consumption demand... … [Read more...] about Reliance Industries Q3FY22: Retail, renewables emerging as key growth anchors