Trending stocks: SBI Card shares rise nearly 1%

NEW DELHI: Shares of SBI Cards and Payment Services Ltd. traded 0.58 per cent up in Thursday's trade at 10:07AM (IST). Around 30,293 shares changed hands on the counter.

The stock opened at Rs 754.7 and touched an intraday high and low of Rs 764.0 and Rs 753.7, 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 71125.98 crore at the time of writing this report.


Shareholding pattern
As of 30-Jun-2020, domestic institutional investors held 2.58 per cent stake in the company, 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 61.3 and a price-to-book ratio of 13.32. 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.