SBI Card Share Price: SBI Card shares drop 0.02% as Sensex rises

Shares of SBI Cards and Payment Services Ltd. traded 0.02 per cent lower in Tuesday’s session at 12:43PM (IST). The stock opened at Rs 740.45 and has touched an intraday high and low of Rs 743.15 and Rs 735.0, respectively, during the session so far.

The stock quoted a 52-week high of Rs 932.35 and a 52-week low of 678.8. About 49,189 shares changed hands on the counter so far.

Benchmark Nifty50 was up 73.85 points at 22410.25, while the BSE Sensex traded 230.3 points higher at 73878.92 at the time of writing of this report.

In the Nifty pack, 34 stocks traded the day in the green, while 16 were in the red.

Key Financials

For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 4741.6 crore, up 12.32 per cent from the previous quarter’s Rs 4221.4 crore and up 29.69 per cent from the year-ago quarter. The company reported net profit of Rs 549.08 crore for the latest quarter. Promoter Holdings
Promoters held 137.26 per cent stake in the company as of 31-Mar-2024, while FIIs held 17.18 per cent and MFs 19.9 per cent.

Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 773.3 on April 23, while the 50-DMA was at Rs 716.22. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.