Share price of SBI Card falls as Sensex drops 572.18 points

The share price of SBI Cards and Payment Services Ltd. dropped 0.79 per cent to Rs 790.7 at 12:48PM (IST) in Wednesday's trade. The counter has hit a high of Rs 797.0 and low of Rs 787.0 so far during the session. The stock had closed at Rs 797.05 in the previous session.

The counter has had a total traded volume of 32801 shares so far with a value of Rs 2.59 crore on the NSE. It traded at a price-to-earnings multiple of 33.6 and a price-to-book ratio of 7.12.

A higher P/E ratio shows 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 reflects the price investors are willing to pay even for no growth in the business.

The scrip declined 11.53 per cent during the past one year, while the 30-share index advanced 14.73 per cent during the same period.

SBI Cards and Payment Services Ltd. belongs to the Credit Card & Allied Services industry.

Promotor/FII Holding
Promoters held 0.0 per cent stake in the company as of 30-Jun-2023, while overseas investors and domestic institutional investors ownership stood at 9.48 per cent and 11.79 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 4046.11 crore for the quarter ended 30-Jun-2023, up 3.31 per cent from the previous quarter's Rs 3916.57 crore and up 24.01 per cent from the year-ago quarter's Rs 3262.85 crore.

Profit for the latest quarter stood at Rs 593.31 crore, down 5.36 per cent from the same quarter a year ago.