SBI Card shares up 0.82% as Nifty gains

NEW DELHI: Shares of SBI Cards and Payment Services Ltd. traded 0.82 per cent up in Friday's trade at 11:52AM (IST). Around 8,318 shares changed hands on the counter.

The stock opened at Rs 797.9 and touched an intraday high and low of Rs 797.9 and Rs 789.0, respectively, in the session so far. Shares of the company of SBI Cards and Payment Services Ltd. quoted a 52-week high of Rs 932.35 and a 52-week low of Rs 690.9.

As per BSE, the total market cap of the SBI Cards and Payment Services Ltd. stood at Rs 75249.82 crore at the time of writing this report.

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

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

Shareholding pattern
As of 30-Jun-2023, DIIs held 11.79 per cent stake in the firm, while foreign institutional investors held 9.48 per cent and the promoters 0.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 33.82 and a price-to-book ratio of 7.12. 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.