Trending stocks: SBI Card shares rise nearly 1%

A total of 36,264 shares changed hands on the counter till 10:22AM (IST).

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Total market cap of the SBI Cards and Payment Services Ltd. stood at Rs 65778.62 crore at the time of writing this report. 

NEW DELHI: Shares of SBI Cards and Payment Services Ltd. traded 0.73 per cent up in Thursday's trade at 10:22AM (IST). Around 36,264 shares changed hands on the counter.

The scrip opened at Rs 702.35 and touched an intraday high and low of Rs 704.2 and Rs 696.8, respectively, in the session so far. Shares of the company of SBI Cards and Payment Services Ltd. quoted a 52-week high of Rs 769.0 and a 52-week low of Rs 495.25.

Total market cap of the SBI Cards and Payment Services Ltd. stood at Rs 65778.62 crore at the time of writing this report.


Key Financials
The company reported consolidated net sales of Rs 2433.24 crore for the quarter ended 31-Mar-2020, down 1.85 per cent from previous quarter's Rs 2479.12 crore and down 22.69 per cent from the year-ago quarter's Rs 1983.26 crore.

The net profit for latest quarter stood at Rs 83.5447 crore, down 66.41 per cent from the corresponding quarter last year.

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Shareholding pattern
As of 31-Mar-2020, DIIs held 3.04 per cent stake in the company, while foreign institutional investors held 4.07 per cent and the promoters 69.55 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 85.77 and a price-to-book ratio of 12.32. 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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