SBI Card shares fall 0.75 per cent in Monday's trading session

Shares of SBI Cards and Payment Services Ltd. fell 0.75 per cent to Rs 884.95 in Monday's trade as of 12:51PM (IST) even as the benchmark Nifty ruled at 18300.65, up 97.25 points.

The scrip had closed at Rs 891.6 in the previous session. The stock quoted a 52-week low of Rs 656.1 and a high of Rs 1028.75. The company quoted a market-cap of Rs 83798.54 crore on the BSE.

On BSE, 35,762 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 37.1 times its trailing 12-month EPS of Rs 23.87 per share and 10.36 times its book value. The return on equity (ROE) stood at Rs 20.84.

Key Financials
For the quarter ended 31-Mar-2023, SBI Cards and Payment Services Ltd. reported consolidated sales of Rs 3916.57 crore, up 29.86 per cent from the same quarter a year ago. The company reported 2.69 per cent YoY growth in net profit at Rs 596.47 crore for the latest quarter.

Technical indicators
The relative strength index (RSI) of the stock stood at Monday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.