SBI Card shares down 0.07% as Nifty gains
A total of 29,331 shares changed hands on the counter till 11:36AM (IST).
NEW DELHI: Shares of Ltd. traded 0.07 per cent down in Wednesday's trade at 11:36AM (IST). Around 29,331 shares changed hands on the counter.The stock opened at Rs 710.0 and touched an intraday high and low of Rs 713.0 and Rs 708.1, respectively, in the session so far. The stock of Ltd. quoted a 52-week high of Rs 932.35 and a 52-week low of Rs 678.8.
As per , the total market cap of the and Payment Services Ltd. stood at Rs 67518.76 crore at the time of writing this report.
Key Financials
The company reported consolidated net sales of Rs 4474.57 crore for the quarter ended 31-Mar-2024, down 5.63 per cent from previous quarter's Rs 4741.6 crore and down 14.25 per cent from the year-ago quarter's Rs 3916.57 crore.
The net profit for latest quarter stood at Rs 662.37 crore, up 11.05 per cent from the corresponding quarter last year.
Shareholding pattern
As of 31-Mar-2024, domestic institutional investors held 9.95 per cent stake in the company, while foreign institutional investors held 8.59 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 28.04 and a price-to-book ratio of 5.37. 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.
and Payment Services Ltd. belongs to the Credit Card & Allied Services industry.
Source: Stocks-Markets-Economic Times
