Share price of SBI Card jumps as Sensex gains 435.67 points

Share price of SBI Cards and Payment Services Ltd. gained 0.17 per cent to Rs 712.6 at 11:52AM (IST) in Wednesday's trade. The counter hit a high of Rs 717.1 and low of Rs 710.95 so far during the session. The stock had closed at Rs 711.35 in the previous session.

The counter had a total traded volume of 11:52AM shares so far with a turnover of Rs 2.72 crore on BSE. The stock traded at a price-to-earnings multiple of 28.14 and a price-to-book ratio of 5.37.

A higher price-to-earnings 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 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.

Promotor/FII Holding
Promoters held 68.63 per cent stake in the company as of 31-Mar-2024, while foreign investors and domestic institutional investors ownership stood at 8.59 per cent and 16.68 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 4474.57 crore for the quarter ended 31-Mar-2024, down 5.63 per cent from the previous quarter's Rs 4741.6 crore and down 14.25 per cent from the year-ago quarter's Rs 3916.57 crore.

Its profit for the latest quarter stood at Rs 662.37 crore, up 11.05 per cent from the same quarter a year ago.

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