SBI Card shares gain 1.98% as Sensex falls
SBI Cards and Payment Services Ltd. traded 1.98 per cent higher in Wednesday's session at 10:25AM (IST). The stock opened at Rs 756.95 and has touched an intraday high and low of Rs 762.0 and Rs 748.5, 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 46,407 shares changed hands on the counter so far.
Benchmark Nifty50 was down 27.05 points at 19052.55, while the BSE Sensex traded 126.26 points lower at 63748.67 at the time of writing of this report.
In the Nifty pack, 24 stocks traded the day in the green, while 26 were in the red.
Key Financials For the quarter ended 30-Sep-2023, the company reported consolidated sales of Rs 4221.4 crore, up 4.33 per cent from the previous quarter's Rs 4046.11 crore and up 22.24 per cent from the year-ago quarter. The company reported net profit of Rs 602.98 crore for the latest quarter.
Promoter Holdings Promoters held 68.94 per cent stake in the company as of 30-Sep-2023, while FIIs held 9.08 per cent and MFs 11.73 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 809.33 on November 01, while the 50-DMA was at Rs 806.44. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward.
