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SBI Cards & Payment Services Ltd is up for a third straight session in a row. The stock is quoting at Rs 850.6, up 1.27% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.64% on the day, quoting at 19947.45. The Sensex is at 66971.86, up 0.56%. SBI Cards & Payment Services Ltd has slipped around 0.48% in last one month. Meanwhile, Nifty Energy index of which SBI Cards & Payment Services Ltd is a constituent, has slipped around 3.05% in last one month and is currently quoting at 20138.1, up 0.56% on the day. The volume in the stock stood at 9.65 lakh shares today, compared to the daily average of 11.49 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 854.5, up 1.25%  on the day. SBI Cards & Payment Services Ltd is down 10.44% in last one year as compared to a 11.21% spurt in NIFTY and a 9.84% spurt in the Nifty Energy index.The PE of the stock is 35.74 based on TTM earnings ending June 23.

SBI Cards & Payment Services Ltd spurts 1.27%

SBI Cards has allotted 1,30,500 equity shares under ESOP on 25 August 2023. Post allotment, the paid up equity share capital has increased to Rs. 9,46,60,35,590 consisting of 94,66,03,559 equity shares of Rs. 10 each.

SBI Cards allots 1.30 lakh equity shares under ESOP 

Bernstein has a target price of Rs 1,100 for Paytm, 31 percent higher from the current market price. SBI Card’s target price is at Rs 650, down 22 percent from its current market price

Bernstein initiates Paytm coverage with 'outperform' rating, 'underperform' for SBI Card

Within financials, its top picks include ICICI Bank, Axis Bank, IndusInd Bank, Bajaj Finance, ICICI Prudential Life, Cholamandalam Finance and SBI Cards.

ICICI Bank, Bajaj Finance, TVS, L&amp;T among top picks by Jefferies; Here’s why

Motilal Oswal is bullish on SBI Cards recommended buy rating on the stock with a target price of Rs 970 in its research report dated July 30, 2023.

Buy SBI Cards; target of Rs 970 : Motilal Oswal

ICICI Securities is bullish on SBI Cards and Payment Services recommended buy rating on the stock with a target price of Rs 986 in its research report dated July 31, 2023.

Buy SBI Cards and Payment Services; target of Rs 986 : ICICI Securities

SBI Cards & Payment Services announced that the 25th Annual General Meeting (AGM) of the company will be held on 9 August 2023.

SBI Cards & Payment Services AGM scheduled

Seema Kapahi will be replaced by Anita Richard Sontumyra, who is presently Deputy General Manager of SBI, the exchange filing added.

SBI Cards Chief People Officer Seema Kapahi resigns with effect from July 14

Rao resigned as he has been transferred back to State Bank of India, said the company.Meanwhile, the companys board has appointed Abhijit Chakravorty as managing director & CEO of the company, effective from Saturday, 12 August 2023 for a period of two years, subject to necessary approvals as may be required including approval of the shareholders.Chakravorty is a post graduate in Applied Chemistry and is a Certified Associate of the Indian Institute of Bankers (CAIIB). He is presently a deputy managing director at State Bank of India. Starting his banking career as a Probationary Officer with SBI in 1988, he has gained over 34 years of experience in Retail and Corporate Banking, Overseas Operations and IT vertical of the bank.SBI Cards and Payment Services is a non-banking financial company that offers extensive credit card portfolio to individual cardholders and corporate clients.SBI Cards and Payment Services reported a 2.7% rise in net profit to Rs 596.47 crore on 29.9% jump in total income to Rs 3,916.57 crore in Q4 FY23 over Q4 FY22.Shares of SBI Cards and Payment Services rose 0.77% to Rs 841.95 on the BSE.

SBI Card MD & CEO Rama Mohan Rao resigns, Abhijit Chakravorty to take over

The company's MD and CEO Rama Mohan Rao Amara has tendered his resignation with effect from August 11 owing to his transfer back to the State Bank of India (SBI).

SBI Cards trades higher after management rejig

SBI Cards & Payment Services Ltd. provides credit cards and payment solutions. It offers a credit card portfolio to individual and corporate clients. The firm also provides a co-brand credit card for doctors which offers medical professional liability insurance to cardholders. The company was founded in 1998 and is headquartered in Gurgaon, India.

Watchers	2,565
52-Wk Low	695.55
52-Wk High	949.20

Market Cap	757.18B
Volume (M)	2.05M
52-Wk High	949.20
52-Wk Low	695.55

SBICARD.NSE SBI Cards & Payment Services Limited

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