Stock Market News: SBI Card shares gain nearly 1%

Stock market news: SBI Card shares gain nearly 1%

Stock Market News: SBI Card shares gain nearly 1%

Stock Market: SBI Cards and Payment Services, incorporated in the year 1998. It was a small-cap company with a market cap of Rs. 1,04,934.43 Crore, operating in the financial services sectorMoreover, SBI Cards and Payments Services (SBICARD) key revenue part include interest, fees & other charges. Other services, service charges, and commission for the year ending March 31st, 2020.

Meanwhile, shares of SBI Cards and Payment Services Ltd traded 0.72 percent up in Monday’s trade at 01:43 PM (IST). In circumference, 56,848 shares changed hands on the counter.

The scrip opened at Rs. 1,060 and touched an intraday high and low of Rs. 1,078 and Rs. 1,058.05, respectively, in the session so far. While shares of the company of SBI Cards and Payment Services Ltd repeat a 52-week high of Rs. 1,149.00 and a 52-week low of Rs. 495.25. The total market cap of the SBI Cards and Payment Services Ltd. stood at Rs. 1,00,617.41 crore at the time of writing this report.

Key Financials

The company announced combined sales of Rs. 2,539.77 crore for the quarter ended December 31st, 2020, up 1.08 percent from the previous quarter’s Rs. 2,512.73 crore and up 0.91 percent from the year-ago quarter’s Rs. 2,563.21 crore. Moreover, the net profit for the latest quarter stood at Rs. 209.66 crore, down 51.77 percent from the corresponding quarter last year.

Shareholding Pattern

Since December 31st, 2020, domestic institutional investors held a 2.86 percent stake in the company. While foreign institutional investors held 5.84 percent and the promoters 69.4 percent.

Valuation Ratio

As per BSE data, the stock traded at a P/E multiple of 112.72 and a price-to-book ratio of 10.87. A higher P/E ratio shows investors are ready to pay a higher price because of better future growth expectations.

Moreover, the Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business. SBI Cards and Payment Services Ltd belongs to the Credit Card & Allied Services industry.

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