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    Stock market news: SBI Cards shares up 1%

    Synopsis

    A total of 33,015 shares changed hands on the counter till 11:33AM (IST).

    Shutterstock.com
    The shares of SBI Cards and Payment Services Ltd. quoted a 52-week high of Rs 867.5 and a 52-week low of Rs 495.25.

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    PEER COMPANIES

    NEW DELHI: Shares of SBI Cards and Payment Services Ltd. traded 0.96 per cent up in Monday's trade at 11:33AM (IST). Around 33,015 shares changed hands on the counter.

    The stock opened at Rs 819.95 and touched an intraday high and low of Rs 826.7 and Rs 815.05, respectively, in the session so far. The stock of SBI Cards and Payment Services Ltd. quoted a 52-week high of Rs 867.5 and a 52-week low of Rs 495.25.

    Total market cap of the SBI Cards and Payment Services Ltd. stood at Rs 76703.38 crore at the time of writing this report.

    Key Financials
    The company reported consolidated sales of Rs 2152.2 crore for the quarter ended 30-Jun-2020, down 11.55 per cent from previous quarter's Rs 2433.24 crore.

    The net profit for latest quarter stood at Rs 393.29 crore.

    Shareholding pattern
    As of 30-Jun-2020, DIIs 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 P/E multiple of 66.11 and a price-to-book ratio of 10.87. 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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