The counter has had a total traded volume of 15088 shares so far with a value of Rs 1.09 crore on the NSE. It traded at a price-to-earnings multiple of 28.91 and a price-to-book ratio of 5.37.
A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.
The scrip declined 21.26 per cent during the past one year, while the 30-share index advanced 25.36 per cent during the same period. SBI Cards and Payment Services Ltd. belongs to the Credit Card & Allied Services industry. Promotor/FII Holding
Promoters held 0.0 per cent stake in the company as of 31-Mar-2024, while overseas investors and domestic institutional investors ownership stood at 8.59 per cent and 9.95 per cent, respectively.
Key Financials
The firm reported consolidated net sales of Rs 4474.57 crore for the quarter ended 31-Mar-2024, down 5.63 per cent from the previous quarter’s Rs 4741.6 crore and down 14.25 per cent from the year-ago quarter’s Rs 3916.57 crore.
Profit for the latest quarter stood at Rs 662.37 crore, up 11.05 per cent from the same quarter a year ago.
Content Source: economictimes.indiatimes.com