SBI Card shares down 0.49% as Nifty drops
SBI Cards and Payment Services Ltd. traded 0.49 per cent down in Wednesday's trade at 12:12PM (IST). Around 13,412 shares changed hands on the counter.
The counter opened at Rs 850.25 and touched an intraday high and low of Rs 853.95 and Rs 842.7, respectively, in the session so far. The stock of SBI Cards and Payment Services Ltd. quoted a 52-week high of Rs 1028.75 and a 52-week low of Rs 690.9.
Total market cap of the SBI Cards and Payment Services Ltd. stood at Rs 80890.13 crore at the time of writing this report.Key Financials The company reported consolidated net sales of Rs 4046.11 crore for the quarter ended 30-Jun-2023, up 3.31 per cent from previous quarter's Rs 3916.57 crore and up 24.01 per cent from the year-ago quarter's Rs 3262.85 crore. The net profit for latest quarter stood at Rs 593.31 crore, down 5.36 per cent from the corresponding quarter last year.Shareholding pattern As of 30-Jun-2023, DIIs held 11.79 per cent stake in the firm, while foreign institutional investors held 9.48 per cent and the promoters 68.96 per cent.Valuation ratio According to BSE data, the stock traded at a P/E multiple of 36.36 and a price-to-book ratio of 7.12.
A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.SBI Cards and Payment Services Ltd. belongs to the Credit Card & Allied Services industry.
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