Trending stocks: SBI Card shares flat in early session

NEW DELHI: Shares of SBI Cards and Payment Services Ltd. traded 0.08 per cent down in Thursday 's trade at 10:38AM (IST). Around 26666 shares changed hands on the counter.

The counter opened at Rs 564.95 and touched an intraday high and low of Rs 572.85 and Rs 552.0 , respectively, in the session so far. Shares of the company quoted a 52-week high of Rs 769.0 and a 52-week low of Rs 501.1 .

Market cap of the company stood at Rs 51914.92 crore on May 07


Shareholding pattern
As of 31-Mar-2020 , domestic institutional investors held 5.58 per cent stake in the firm , 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-book ratio of 13.3 . 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.