SBI Card shares down 0.43% as Nifty gains

Shares of SBI Cards and Payment Services Ltd. rose 0.43 per cent to Rs 922.45 in Wednesday's trade. It hit an intraday high of Rs 930.0 and low of Rs 917.55, respectively, during the day.

The stock quoted a 52-week high price of Rs 1028.75 and low of Rs 656.1.

As of 01:42PM (IST), the counter saw total traded volume of 32,162 shares with a traded value of Rs 2.96 crore, according to NSE.

The stock had closed at Rs 926.45 in the previous session.

The scrip has advanced 6.44 per cent in the past one month till date, while the benchmark BSE Sensex has gained 1.97 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 38.62 while price-to-book ratio stood at 7.12. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Credit Card & Allied Services industry.

Promoter/FII Holding
Promoters held 0.04 per cent stake in the company as of 31-Mar-2023, while FII and MF ownership in the firm stood at 8.45 per cent and 12.16 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 3916.57 crore for the quarter ended 31-Mar-2023, up 7.12 per cent from the previous quarter's Rs 3656.15 crore and up 29.86 per cent from the year-ago quarter's Rs 3016.1 crore. Its net profit for the latest quarter stood at Rs 596.47 crore, up 2.69 per cent from the same quarter a year ago.