SBI Card shares down 0.76% as Nifty drops
SBI Cards and Payment Services Ltd. traded 0.76 per cent down in Friday's trade at 12:28PM (IST). Around 24,764 shares changed hands on the counter.
The stock opened at Rs 729.25 and touched an intraday high and low of Rs 734.6 and Rs 721.75, respectively, in the session so far. Shares of the company of SBI Cards and Payment Services Ltd. quoted a 52-week high of Rs 932.35 and a 52-week low of Rs 678.8.
Total market cap of the SBI Cards and Payment Services Ltd. stood at Rs 69330.55 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 4474.57 crore for the quarter ended 31-Mar-2024, down 5.63 per cent from previous quarter's Rs 4741.6 crore and down 14.25 per cent from the year-ago quarter's Rs 3916.57 crore.
The net profit for latest quarter stood at Rs 662.37 crore, up 11.05 per cent from the corresponding quarter last year.
Shareholding pattern As of 31-Mar-2024, domestic institutional investors held 9.95 per cent stake in the firm, while foreign institutional investors held 8.59 per cent and the promoters 68.63 per cent.
Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 30.79 and a price-to-book ratio of 0.0. 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.
