SBI Card shares down 0.51% as Nifty drops
A total of 7,951 shares changed hands on the counter till 11:37AM (IST).
NEW DELHI: Shares of Ltd. traded 0.51 per cent down in Friday's trade at 11:37AM (IST). Around 7,951 shares changed hands on the counter.The stock opened at Rs 702.15 and touched an intraday high and low of Rs 704.5 and Rs 697.1, respectively, in the session so far. Shares of the company of Ltd. quoted a 52-week high of Rs 932.35 and a 52-week low of Rs 678.8.
Total market cap of the and Payment Services Ltd. stood at Rs 66296.31 crore at the time of writing this report.
Key Financials
The company reported consolidated net sales of Rs 4741.6 crore for the quarter ended 31-Dec-2023, up 12.32 per cent from previous quarter's Rs 4221.4 crore and up 29.69 per cent from the year-ago quarter's Rs 3656.15 crore.
The net profit for latest quarter stood at Rs 549.08 crore, up 7.78 per cent from the corresponding quarter last year.
Shareholding pattern
As of 31-Dec-2023, DIIs held 10.66 per cent stake in the company, while foreign institutional investors held 9.35 per cent and the promoters 68.75 per cent.
Valuation ratio
According to data, the stock traded at a P/E multiple of 28.31 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.
and Payment Services Ltd. belongs to the Credit Card & Allied Services industry.
Source: Stocks-Markets-Economic Times
