Share price of SBI Card falls as Sensex gains 579.34 points
A total of 23,712 shares changed hands on the counter till 11:52AM (IST)
Share price of Ltd. dropped 0.01 per cent to Rs 696.6 at 11:52AM (IST) in Wednesday's trade. The scrip hit a high of Rs 702.1 and low of Rs 696.15 so far during the session. The stock had closed at Rs 696.7 in the previous session.The counter had a total traded volume of 11:52AM shares so far with a turnover of Rs 1.65 crore on . The stock traded at a price-to-earnings multiple of 28.32 and a price-to-book ratio of 7.12.
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.
Ltd. belongs to the Credit Card & Allied Services industry.
Promotor/FII Holding
Promoters held 68.75 per cent stake in the company as of 31-Dec-2023, while foreign investors and domestic institutional investors ownership stood at 9.35 per cent and 16.25 per cent, respectively.
Key Financials
The firm reported consolidated net sales of Rs 4741.6 crore for the quarter ended 31-Dec-2023, up 12.32 per cent from the previous quarter's Rs 4221.4 crore and up 29.69 per cent from the year-ago quarter's Rs 3656.15 crore.
Its profit for the latest quarter stood at Rs 549.08 crore, up 7.78 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
