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Stock market news: SBI Cards shares gain nearly 1%

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NEW DELHI: Shares of SBI Cards and Payment Services Ltd. traded 0.5 per cent up in Monday’s trade at 11:20AM (IST). Around 11,608 shares changed hands on the counter.

The stock opened at Rs 836.75 and touched an intraday high and low of Rs 846.5 and Rs 836.75, respectively, in the session so far. Shares of the company of SBI Cards and Payment Services Ltd. quoted a 52-week high of Rs 867.5 and a 52-week low of Rs 495.25.

Total market cap of the SBI Cards and Payment Services Ltd. stood at Rs 78872.37 crore at the time of writing this report.

Key Financials

The company reported consolidated sales of Rs 2152.2 crore for the quarter ended 30-Jun-2020, down 11.55 per cent from previous quarter’s Rs 2433.24 crore.

The net profit for latest quarter stood at Rs 393.29 crore.

Shareholding pattern

As of 30-Jun-2020, domestic institutional investors held 2.58 per cent stake in the firm, while foreign institutional investors held 4.23 per cent and the promoters 69.53 per cent.

Valuation ratio

According to BSE data, the stock traded at a P/E multiple of 67.98 and a price-to-book ratio of 10.87. 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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