SBI Cards & Payment Services Ltd.

SBI Cards is scheduled to announce its Q1 FY27 (Jun'26 quarter) results around 24 July 2026. Street estimates indicate EPS of ~₹6.9 and revenue of ~₹46.3 billion. The market will closely watch credit cost, asset quality, card spends, new card additions, and management commentary on margins. A moderation in credit costs along with stable NIMs and healthy spending growth could support the stock, while higher delinquencies or weak guidance may limit the upside. Technically, the stock appears to be in the early stages of a recovery after a prolonged downtrend. It has bounced from the ₹570-590 demand zone and has now reclaimed the 10 EMA, 20 EMA and 50 EMA, indicating improving short-term momentum. The RSI has moved above 60, suggesting strengthening buying interest, while the MACD has also turned positive, supporting the bullish bias. However, the stock still trades below its 100 DMA (~₹660) and 200 DMA (~₹760), meaning the long-term trend remains cautious. The immediate resistance is placed around ₹640-645, which also coincides with a previous swing high. A decisive close above this zone could open the door towards ₹660-680. On the downside, ₹620 acts as the first support, followed by a stronger support zone near ₹600-590. Holding above these levels would keep the recovery structure intact. Overall, the chart suggests sentiment has improved from bearish to cautiously bullish ahead of earnings. The upcoming quarterly results are likely to act as the next major trigger. A positive earnings surprise with healthy guidance could help the stock confirm a medium-term trend reversal, while disappointing numbers may result in resistance near ₹640-645 becoming difficult to cross.