Share price of SBI Card jumps as Sensex drops 365.78 points
SBI Cards and Payment Services Ltd. gained 0.63 per cent to Rs 792.0 at 10:30AM (IST) in Wednesday's trade. The stock has hit a high of Rs 799.5 and low of Rs 789.35 so far during the session.
The stock had closed at Rs 787.0 in the previous session.
The counter has had a total traded volume of 52174 shares so far with a value of Rs 4.14 crore on the NSE. It traded at a price-to-earnings multiple of 33.66 and a price-to-book ratio of 7.12.
A higher price-to-earnings 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 12.48 per cent during the past one year, while the 30-share index advanced 10.3 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 0.0 per cent stake in the company as of 30-Jun-2023, while overseas investors and domestic institutional investors ownership stood at 9.48 per cent and 11.79 per cent, respectively.
