SBI Card shares up 0.85% as Sensex rises
SBI Cards and Payment Services Ltd. gained 0.85 per cent to Rs 776.65 in Friday's session as of 11:42AM (IST) even as the equity benchmark Sensex traded 40.42 points higher at 71887.99.
Earlier in the day, the stock witnessed a gap up start to the session.
The stock quoted a 52-week high price of Rs 932.35 and a 52-week low of Rs 690.9 on NSE. Around 26934 shares changed hands on the counter till 11:42AM (IST).
The stock opened at Rs 772.0 and has touched an intraday high and low of Rs 780.35 and Rs 770.05 during the session so far.
The counter quoted a price-to-earnings (PE) ratio of 31.96, earnings per share (EPS) of Rs 24.32 and price to book value (PB) of 7.12, while the return on equity (ROE) stood at Rs 22.97.
Promoter/ FII Holding
The promoters held 68.94 per cent stake in the company as of January 05, while FII and MF ownerships stood at 9.08 per cent and 11.73 per cent, respectively.
Key Financials With a market capitalisation of Rs 73570.8 crore, the company operates in the Credit Card & Allied Services industry.
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 same quarter a year ago. The company reported net profit of Rs 602.98 crore for the latest quarter, up 14.71 per cent from the corresponding quarter last year.
Technical Indicators The relative strength index (RSI) of the stock stands at 57.85.
The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a
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