SBI Cards and Payment Services’ Shares Rise 0.13% in Friday’s Trade

SBI Cards and Payment Services’ Shares Rise 0.13% in Friday’s Trade

Shares of SBI Cards and Payment Services Ltd. rose 0.13% to Rs 724.15 in Friday’s trade. The stock hit an intraday high of Rs 724.15 and low of Rs 715.0, respectively, during the day. The stock quoted a 52-week high price of Rs 932.35 and low of Rs 678.8. As of 10:20AM (IST), the counter saw a total traded volume of 6,737 shares with a traded value of Rs 0.49 crore, according to NSE. The stock had closed at Rs 725.1 in the previous session. The scrip has advanced 3.87% in the past one month till date, while the benchmark BSE Sensex has slipped -2.68% during the same period. According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 29.37 while the price-to-book ratio stood at 7.12. The stock belongs to the Credit Card & Allied Services industry. Promoters held 0.11% stake in the company as of 31-Dec-2023, while FII and MF ownership in the firm stood at 9.35% and 10.66%, respectively. The company reported consolidated sales of Rs 4741.6 crore for the quarter ended 31-Dec-2023, up 12.32% from the previous quarter’s Rs 4221.4 crore and up 29.69% from the year-ago quarter’s Rs 3656.15 crore. Its net profit for the latest quarter stood at Rs 549.08 crore, up 7.78% from the same quarter a year ago.

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