Trending stocks: SBI Card shares dip nearly 2%

NEW DELHI: Shares of SBI Cards and Payment Services Ltd. traded 1.56 per cent down in Wednesday's trade at 10:16AM (IST). Around 67,294 shares changed hands on the counter.

The scrip opened at Rs 776.55 and touched an intraday high and low of Rs 781.55 and Rs 758.0, respectively, in the session so far. The stock of SBI Cards and Payment Services Ltd. quoted a 52-week high of Rs 798.0 and a 52-week low of Rs 495.25.

Total market cap of the SBI Cards and Payment Services Ltd. stood at Rs 72083.71 crore at the time of writing this report.


Shareholding pattern
As of 30-Jun-2020, DIIs held 2.58 per cent stake in the firm, while foreign institutional investors held 4.23 per cent and the promoters 69.53 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 62.13 and a price-to-book ratio of 13.5. 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.