Key Events This Week
09 Feb: Stock opens at ₹766.20, up 1.27% with positive technical signals
10 Feb: MarketsMOJO upgrades rating to Hold amid mixed technical and fundamental signals
12 Feb: Stock gains 0.54% despite Sensex decline, signalling relative strength
13 Feb: Sharp decline of 1.57% on heavy volume closes week at ₹760.50
09 February 2026: Positive Start with Technical Momentum Shift
The week commenced with SBI Cards opening at ₹766.20, a 1.27% increase from the previous close of ₹756.60. This rise coincided with a broader market rally as the Sensex gained 1.04%, closing at 37,113.23. The stock’s intraday range between ₹756.00 and ₹772.50 reflected moderate volatility. Technical indicators began to show signs of stabilisation, with the weekly Relative Strength Index (RSI) turning bullish, suggesting renewed short-term buying interest. However, the stock remained well below its 52-week high of ₹1,023.05, indicating room for recovery.
10 February 2026: Upgrade to Hold Amid Mixed Signals
On 10 Feb, SBI Cards maintained its price near ₹766.05, a slight dip of 0.02%, while the Sensex advanced 0.25% to 37,207.34. This day was pivotal as MarketsMOJO upgraded the company’s rating from Sell to Hold, reflecting a subtle improvement in technical and fundamental outlooks. The upgrade was driven by a shift from bearish to mildly bearish technical grades, including a bullish weekly RSI and a mildly bearish monthly MACD. Despite persistent valuation concerns, the rating change signalled cautious optimism about the stock’s near-term prospects.
This week's revealed pick, a Large Cap from Public Banks with TARGET PRICE, is already showing movement! Get the complete analysis before it's too late.
- - Target price included
- - Early movement detected
- - Complete analysis ready
11 February 2026: Modest Gains Amid Mixed Market Conditions
The stock edged up 0.32% to ₹768.50 on 11 Feb, outperforming the Sensex’s 0.13% gain to 37,256.72. Volume increased to 72,493 shares, indicating renewed investor interest. Technical momentum remained mixed, with daily moving averages still bearish but longer-term indicators such as the monthly KST turning bullish. The stock’s relative strength suggested cautious accumulation despite ongoing valuation premiums and a leveraged capital structure.
12 February 2026: Relative Strength Despite Market Weakness
On 12 Feb, SBI Cards rose 0.54% to ₹772.65, marking the week’s high, even as the Sensex declined 0.56% to 37,049.40. This divergence highlighted the stock’s relative strength amid broader market weakness. The stock traded on low volume of 19,904 shares, suggesting selective buying. Technical indicators such as Bollinger Bands pointed to oversold conditions potentially easing, while the monthly MACD remained mildly bearish. The stock’s premium valuation and flat quarterly performance continued to temper enthusiasm.
Considering SBI Cards & Payment Services Ltd? Wait! SwitchER has found potentially better options in and beyond. Compare this mid-cap with top-rated alternatives now!
- - Better options discovered
- - + beyond scope
- - Top-rated alternatives ready
13 February 2026: Sharp Decline on Heavy Volume Caps Weekly Gains
The week ended with a notable sell-off as SBI Cards fell 1.57% to ₹760.50 on heavy volume of 298,766 shares, significantly above the week’s average. The Sensex also declined sharply by 1.40% to 36,532.48, reflecting broader market weakness. This drop erased some of the week’s earlier gains but the stock still closed the week with a net positive return of 0.52%. The heavy volume suggests profit-taking or repositioning by investors amid ongoing concerns about valuation and leverage.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.766.20 | +1.27% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.766.05 | -0.02% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.768.50 | +0.32% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.772.65 | +0.54% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.760.50 | -1.57% | 36,532.48 | -1.40% |
Key Takeaways
Positive Signals: The upgrade to Hold by MarketsMOJO reflects a cautious improvement in technical momentum, with weekly RSI turning bullish and monthly MACD softening to mildly bearish. The stock outperformed the Sensex over the week, gaining 0.52% versus the index’s 0.54% decline, demonstrating relative resilience. Long-term fundamentals remain solid with a healthy operating profit growth rate of 20.64% and a robust average ROE of 18.56%.
Cautionary Notes: Despite technical improvements, daily moving averages remain bearish and the stock trades at a premium valuation with a P/B ratio of 4.9 and a high PEG ratio of 15.3. The company’s leveraged capital structure, with a debt-equity ratio of 3.33 times, poses risks. The sharp volume-driven decline on the final trading day signals potential profit-taking and market uncertainty. Historical underperformance relative to the Sensex over longer periods remains a concern.
Conclusion
SBI Cards & Payment Services Ltd experienced a week of mixed developments, with a modest overall gain supported by an upgrade to Hold and signs of stabilising technical momentum. The stock’s relative outperformance against the Sensex amid a weakening market underscores its underlying strength. However, valuation premiums, elevated leverage, and recent volatility warrant a cautious stance. The Hold rating encapsulates this balanced view, suggesting that while the stock is no longer a clear sell, it has yet to demonstrate a sustained recovery. Investors should monitor upcoming financial results and technical indicators closely to gauge the stock’s trajectory in the near term.
Upgrade at special rates, valid only for the next few days. Claim Your Special Rate →
