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SBI Cards and Payment Services soars on reporting 8% rise in Q1 net profit

SBI Cards and Payment Services is currently trading at Rs. 948.15, up by 17.90 points or 1.92% from its previous closing of Rs. 930.25 on the BSE.

The scrip opened at Rs. 930.25 and has touched a high and low of Rs. 968.30 and Rs. 930.25 respectively. So far 275877 shares were traded on the counter.

SBI Cards
SBI Cards

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1164.65 on 01-Sep-2021 and a 52 week low of Rs. 656.10 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 968.30 and Rs. 866.35 respectively. The current market cap of the company is Rs. 89735.31 crore.

The promoters holding in the company stood at 69.64%, while Institutions and Non-Institutions held 24.53% and 5.83% respectively.

SBI Cards and Payment Services has reported a rise of 7.93% in its net profit at Rs 626.91 crore for the quarter ended June 30, 2022 as compared to Rs 580.86 crore for the same quarter in the previous year.

Total income of the company increased by 8.18% at Rs 3,262.85 crore for Q1FY23 as compared Rs 3,016.10 crore for the corresponding quarter previous year.

SBI Cards and Payment Services is a payment solutions provider in India.