SBI Card shares down 0.75% as Nifty drops

SBI Card shares down 0.75% as Nifty drops
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Synopsis

A total of 5,292 shares changed hands on the counter till 11:43AM (IST).

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India 10-year bond yield fell 0.41 per cent to 5.89 after trading in 5.87-5.91 range
NEW DELHI: Shares of Ltd. traded 0.75 per cent down in Tuesday's trade at 11:43AM (IST). Around 5,292 shares changed hands on the counter.

The counter opened at Rs 784.0 and touched an intraday high and low of Rs 784.0 and Rs 774.25, respectively, in the session so far. The stock of SBI Cards and Payment Services Ltd. quoted a 52-week high of Rs 1028.75 and a 52-week low of Rs 656.1.

Total market cap of the SBI Cards and Payment Services Ltd. stood at Rs 73149.98 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 3453.32 crore for the quarter ended 30-Sep-2022, up 5.84 per cent from previous quarter's Rs 3262.85 crore and up 28.12 per cent from the year-ago quarter's Rs 2695.46 crore.

The net profit for latest quarter stood at Rs 525.64 crore, up 52.4 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Jun-2022, DIIs held 11.34 per cent stake in the company, while foreign institutional investors held 8.29 per cent and the promoters 69.64 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 34.52 and a price-to-book ratio of 10.36. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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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