SBI Card shares down 0.81% as Nifty drops
SBI Cards and Payment Services Ltd. traded 0.81 per cent down in Monday's trade at 12:18PM (IST). Around 120,779 shares changed hands on the counter.
The stock opened at Rs 719.05 and touched an intraday high and low of Rs 719.75 and Rs 710.15, respectively, in the session so far. The stock of SBI Cards and Payment Services Ltd. quoted a 52-week high of Rs 932.35 and a 52-week low of Rs 699.15.
Total market cap of the SBI Cards and Payment Services Ltd. stood at Rs 67627.37 crore at the time of writing this report.
Key Financials The company reported consolidated net sales of Rs 4741.6 crore for the quarter ended 31-Dec-2023, up 12.32 per cent from previous quarter's Rs 4221.4 crore and up 29.69 per cent from the year-ago quarter's Rs 3656.15 crore.
The net profit for latest quarter stood at Rs 549.08 crore, up 7.78 per cent from the same quarter a year ago.
Shareholding pattern As of 31-Dec-2023, DIIs held 10.66 per cent stake in the company, while foreign institutional investors held 9.35 per cent and the promoters 68.75 per cent.
Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 28.88 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
