SBI Card shares gain 0.59% as Sensex rises
SBI Cards and Payment Services Ltd. traded 0.59 per cent higher in Tuesday's session at 01:04PM (IST). The stock opened at Rs 804.15 and has touched an intraday high and low of Rs 806.75 and Rs 798.4, respectively, during the session so far.
The stock quoted a 52-week high of Rs 932.35 and a 52-week low of 690.9. About 37,977 shares changed hands on the counter so far.
Benchmark Nifty50 was up 103.65 points at 19835.4, while the BSE Sensex traded 348.89 points higher at 66515.82 at the time of writing of this report.
In the Nifty pack, 42 stocks traded the day in the green, while 8 were in the red.
Key Financials For the quarter ended 30-Jun-2023, the company reported consolidated sales of Rs 4046.11 crore, up 3.31 per cent from the previous quarter's Rs 3916.57 crore and up 24.01 per cent from the year-ago quarter. The company reported net profit of Rs 593.31 crore for the latest quarter.
Promoter Holdings Promoters held 68.96 per cent stake in the company as of 30-Jun-2023, while FIIs held 9.48 per cent and MFs 11.79 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 809.99 on October 17, while the 50-DMA was at Rs 824.49. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward.
