SBI Card shares rise 2.06% as Nifty gains
SBI Cards and Payment Services Ltd. traded 2.06 per cent up at Rs 872.3 on Tuesday at around 01:39PM (IST), while the benchmark BSE Sensex advanced 31.29 points to 66558.96. As many as 24,265 shares changed hands on the counter with a total value of Rs 209.0 crore.
The stock quoted a 52-week high price of Rs 1028.75 and a 52-week low of Rs 690.9. On the technical charts, the 200-DMA of the stock stood at Rs 808.36, while 50-DMA was at Rs 877.14. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up.
On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere. Shares of the company have advanced 7.57 per cent in the past one year, while Sensex has risen 15.62 per cent during the same period. According to BSE data, the stock trades at a price-to-earnings multiple of 37.15 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 reflects the price that investors are ready to pay even for no growth in a business. The stock belongs to the Credit Card & Allied Services industry.
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