Share price of SBI Card falls as Sensex drops 299.0 points
SBI Cards and Payment Services Ltd. dropped 0.57 per cent to Rs 703.15 at 12:43PM (IST) in Monday's trade. The stock has hit a high of Rs 711.75 and low of Rs 700.1 so far during the session. The stock had closed at Rs 707.2 in the previous session.
The counter has had a total traded volume of 39826 shares so far with a value of Rs 2.8 crore on the NSE. It traded at a price-to-earnings multiple of 28.49 and a price-to-book ratio of 7.12.
A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.
The scrip declined 6.65 per cent during the past one year, while the 30-share index advanced 24.25 per cent during the same period.
SBI Cards and Payment Services Ltd. belongs to the Credit Card & Allied Services industry.
Promotor/FII Holding Promoters held 0.11 per cent stake in the company as of 31-Dec-2023, while foreign investors and domestic institutional investors ownership stood at 9.35 per cent and 10.66 per cent, respectively.
Key Financials The firm reported consolidated net sales of Rs 4741.6 crore for the quarter ended 31-Dec-2023, up 12.32 per cent from the previous quarter's Rs 4221.4 crore and up 29.69 per cent from the year-ago quarter's Rs 3656.15 crore.
Profit for the latest quarter stood at Rs 549.08 crore, up 7.78 per cent from the same quarter a
