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    543066   INE018E01016

SBI CARDS AND PAYMENT SERVICES LIMITED

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Indian shares fall amid Fed, Ukraine anxiety; Axis Bank surges

01/25/2022 | 12:11am EDT

BENGALURU, Jan 25 (Reuters) - Indian shares were set for a sixth session in the red on Tuesday amid interest rate worries and geopolitical tensions, although a surge in private lender Axis Bank after better-than-expected results helped cut some early losses.

The blue-chip NSE Nifty 50 index was down 0.39% at 17,081.65 by 0440 GMT, while the S&P BSE Sensex fell 0.48% to 57,212.83, after falling up to 1.9% earlier in the session.

The indexes have erased gains recorded so far this year and at the day's low were just over 2% shy of December's trough.

Tensions between the West and Russia over Ukraine and a U.S. Federal Reserve meeting that could signal tighter monetary policy kept investors on edge and sent Asian peers and U.S. futures lower, after a chaotic Wall Street session overnight.

"We seem to be following Wall Street's trend overnight and staging a sharp recovery as investors start hunting for bargains, but we are not yet out of the woods," said Ajay Bodke, an independent market analyst, adding that the chaos on Wall Street indicated "deep investor anxieties" about interest rates and geopolitical tensions.

"A runaway rise in crude prices could also act as a severe headwind for India's ballooning current account deficit."

Oil-to-retail conglomerate Reliance Industries, India's most valuable company, slid 3% to an over one-month low. The stock has lost nearly 7% despite reporting strong results last week.

The Nifty IT index, the biggest casualty of the recent sell-off, pared some losses after sinking as much as 2.5% to its lowest since late November, and was last down 0.3%.

Meanwhile, Axis Bank rose as much as 4.8% after the private-sector lender beat estimates for quarterly profit.

SBI Cards and Payment Services jumped nearly 5% after quarterly profit nearly doubled.

Nifty components Maruti Suzuki and Cipla are due to report results on Tuesday. (Reporting by Chris Thomas in Bengaluru; Editing by Shailesh Kuber)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) 0.82% 0.70296 Delayed Quote.-4.31%
AXIS BANK LIMITED 2.50% 654.9 End-of-day quote.-3.49%
BRITISH POUND / US DOLLAR (GBP/USD) 1.30% 1.24857 Delayed Quote.-9.40%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.33% 0.78068 Delayed Quote.-2.04%
CIPLA LIMITED 0.49% 938 Delayed Quote.-1.13%
EURO / US DOLLAR (EUR/USD) 1.03% 1.05472 Delayed Quote.-8.55%
INDIAN RUPEE / US DOLLAR (INR/USD) 0.46% 0.012911 Delayed Quote.-3.88%
LONDON BRENT OIL -0.35% 112.71 Delayed Quote.44.71%
MARUTI SUZUKI INDIA LTD 3.94% 7532.8 Delayed Quote.-2.41%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.77% 0.63583 Delayed Quote.-7.99%
NIFTY 50 2.63% 16259.3 Delayed Quote.-8.71%
NIFTY IT -0.75% 30218.75 Delayed Quote.-24.02%
RELIANCE INDUSTRIES LTD 4.20% 2529.15 Delayed Quote.2.49%
S&P 500 2.02% 4088.85 Real-time Quote.-15.91%
SBI CARDS AND PAYMENT SERVICES LIMITED 1.36% 732.7 End-of-day quote.-21.05%
SENSEX 30 2.54% 54318.47 Real-time Quote.-9.06%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) 0.59% 64.25 Delayed Quote.-13.93%
WTI -2.71% 111.017 Delayed Quote.47.74%
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Analyst Recommendations on SBI CARDS AND PAYMENT SERVICES LIMITED
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Financials
Sales 2022 103 B 1 331 M 1 331 M
Net income 2022 14 514 M 187 M 187 M
Net Debt 2022 222 B 2 860 M 2 860 M
P/E ratio 2022 47,4x
Yield 2022 0,22%
Capitalization 691 B 8 921 M 8 921 M
EV / Sales 2022 8,85x
EV / Sales 2023 7,57x
Nbr of Employees 3 869
Free-Float 27,6%
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SBI Cards and Payment Services Limited Technical Analysis Chart | 543066 | INE018E01016 | MarketScreener
Technical analysis trends SBI CARDS AND PAYMENT SERVICES LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 21
Last Close Price 732,70 INR
Average target price 1 127,38 INR
Spread / Average Target 53,9%
EPS Revisions
Managers and Directors
Rama Mohan Rao Amara Chief Executive Officer, MD & Executive Director
Nalin Negi Chief Financial Officer
Dinesh Kumar Khara Chairman
Pradeep Khurana Chief Information Officer & Executive VP
Richhpal Singh Chief Operating Officer
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