SBI Cards and Payment Services Shares

SBI Cards and Payment Services Shares Hiked In Intraday Trade

SBI Cards and Payment Services Shares Hiked In Intraday Trade On 21st September 2020:

To begin with, SBI Cards and Payment Services shares traded with a 0.26% gain in today’s Intraday trade. Also, until now, the company exchanged 16,324 shares hands on the counter. 

Moreover, the company shares started at Rs. 851.50 per equity share on the National Stock Exchange. The stocks reached the Intraday high value of Rs. 851.50 per equity share. Similarly, the Intraday low value of Rs. 857.70 per equity share.

According to the source, the company reached its 52-week highest value of Rs. 865.50. Also, it reached the 52-week lowest value of Rs. 497.70. As per records, the total market capitalization stood at Rs. 79,754.99 Cr.

On 30th June 2020, SBI Cards and Payment Services Ltd. announced its consolidated sales worth Rs. 2,152.20 Cr. Comparatively, the company sales declined by 11.55% from its last quarter sales of Rs. 2,433.24 Cr. Furthermore, the net profit stood at Rs. 393.29 Cr in the current quarter. 

Moreover, the company obtained Rs. 4,841.30 Cr from its key products or revenue segments along with interest & discount in bills. It obtained Rs. 3,978.66 Cr income from investment and also the other operating revenue which contributed Rs. 327.28 Cr. By the ending in June 2020, the company promoters held 69.53% of its stake.

Presently, the bank shares quoted with a price-to-earnings ratio in multiples of 68.71. Similarly, the company’s price-to-book value ratio of 10.87.

Stock Market Update:

Stock Market September 21st: On Monday, both Sensex and Nifty seem to trade in a bearish trend in the stock market. The Sensex stood traded loss with 38,800.73 levels and Nifty stood traded loss with 11,486.70 levels. The Sensex declined 45.09 points with a 0.12% loss. Besides, Nifty has declined 18.25 points with a 0.16% loss.

On the other hand, the number of confirmed or coronavirus cases in India reached 54,87,580 as of September 21st, and deaths reached 87,909.

In the border market, the S&P BSE Midcap index reported a bearish trend in the stock market today. It declined 121.28 points with a 0.81% loss and reached a 14,926.52 level. The S&P BSE Smallcap index declined 81.80 points with a 0.53% loss and reached a 15,218.18 level. However, the Nifty Bank declined 117.10 points with a 0.53% loss and reached a 21,913.95 level.

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