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SBI Card Shares Gain 0.21% as Sensex Rises
SBI Card Shares Gain 0.21% as Sensex Rises
SBI Cards and Payment Services Ltd. observed a 0.21% rise in its share price, reaching Rs 749.8 on the BSE at 12:58PM (IST) on Wednesday. The stock’s 52-week range was recorded at Rs 690.9 to Rs 932.35, with a market value of Rs 70,962.54 crore. Despite being down 8.24% in the past year, the stock saw a gap up opening and traded at 30.82 times its trailing 12-month EPS of Rs 24.32 per share and 7.12 times its book value. Additionally, the stock witnessed a trading range of Rs 754.0 to Rs 747.4 during the day. As of 30-Sep-2023, promoters held 0.0% in the company, while FII and MF ownership in SBI Cards and Payment Services Ltd. stood at 9.09% and 11.73% respectively.
Key Takeaways:
- SBI Card shares gained 0.21% to reach Rs 749.8 on the BSE at 12:58PM (IST) on Wednesday.
- The stock’s 52-week range was recorded at Rs 690.9 to Rs 932.35, with a market value of Rs 70,962.54 crore.
- Despite being down 8.24% in the past year, the stock saw a gap up opening and traded at 30.82 times its trailing 12-month EPS of Rs 24.32 per share and 7.12 times its book value.
- Promoters held 0.0% in the company as of 30-Sep-2023, while FII and MF ownership in SBI Cards and Payment Services Ltd. stood at 9.09% and 11.73% respectively.
Based on the information provided, here’s a breakdown of the key points:
1. Share Price Movement: SBI Cards and Payment Services Ltd. shares were traded at Rs 749.8 on the BSE at 12:58PM (IST) on Wednesday, reflecting a 0.21% increase. The stock’s 52-week low and high prices were reported at Rs 690.9 and Rs 932.35, respectively.
2. Market Performance: The stock traded at 30.82 times its trailing 12-month EPS of Rs 24.32 per share and 7.12 times its book value, as per BSE data. Additionally, a total of 72,944 shares changed hands on the counter till 12:58PM (IST), with the stock commanding a market value of Rs 70,962.54 crore. SBI Cards and Payment Services Ltd. operates within the Credit Card & Allied Services industry.
3. Stock Performance: The stock has been underperforming, experiencing an 8.24% decline in the past year, in contrast to a 12.19% gain in the Sensex. Throughout the day, the stock moved within the range of Rs 754.0 and Rs 747.4.
4. Promoter/FII Holding: As of 30-Sep-2023, promoters held 0.0% in the company, while FII and MF ownership in SBI Cards and Payment Services Ltd. stood at 9.09% and 11.73%, respectively.
5. Bond Yield: The India 10-year bond yield rose by 0.05% to 6.03 after trading in the 6.02-6.04 range.
It’s important to note that the performance of SBI Card shares is influenced by various factors, including market conditions, industry trends, and company-specific developments.
FAQ
Q1: What was the percentage increase in SBI Card shares during Wednesday’s trading session?
A1: SBI Card shares gained 0.21% to reach Rs 749.8 on the BSE at 12:58PM (IST) on Wednesday.
Q2: What were the key ownership percentages in SBI Cards and Payment Services Ltd.?
A2: As of 30-Sep-2023, promoters held 0.0% in the company, while FII and MF ownership stood at 9.09% and 11.73% respectively.
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