arun.snair.18

SBI Looking good

Long
BSE:SBIN   STATE BANK OF INDIA
Shares of SBI Cards and Payment Services Ltd. traded 1.41 per cent up in Monday's trade at 10:47AM (IST). Around 35,492 shares changed hands on the counter.

The scrip opened at Rs 542.05 and touched an intraday high and low of Rs 551.4 and Rs 542.05, respectively, in the session so far. The stock of SBI Cards and Payment Services Ltd. quoted a 52-week high of Rs 769.0 and a 52-week low of Rs 495.25

Total market cap of the SBI Cards and Payment Services Ltd. stood at Rs 51379.72 crore at the time of writing this report.

Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 66.99 and a price-to-book ratio of 12.82. 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.


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