SBI Cards shares drop 4% after March quarter results: Should you buy, sell or hold?

SBI Cards shares drop 4% after March quarter results: Should you buy, sell or hold?

Shares of SBI Cards and Payment Services fell by 4% to a low of Rs 718 on Monday following the release of their Q4 results. The company reported an 11% year-on-year increase in profit after tax, with the figure reaching Rs 662 crore for the quarter ending March 2024. Furthermore, their total revenue saw a 14% YoY rise, reaching Rs 4,475 crore in the fourth quarter of the fiscal year 2023-24.

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