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MarketScreener Homepage  >  Equities  >  MUMBAI STOCK EXCHANGE  >  SBI Cards and Payment Services Limited    543066   INE018E01016

SBI CARDS AND PAYMENT SERVICES LIMITED

(543066)
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Sensex, Nifty end higher; Aditya Birla Fashion surges on Flipkart deal

10/23/2020 | 06:36am EST
People walk past the Bombay Stock Exchange building in Mumbai

BENGALURU (Reuters) - Indian shares ended higher on Friday, driven by gains in auto stocks, while a 15 billion rupees investment from Walmart Inc's Flipkart pushed Aditya Birla Fashion and Retail up as much as 17%.

The Nifty rose 0.28% to 11,930.35, while the Sensex gained 0.31% at 40,685.50. For the week, both the indexes gained more than 1% each.

Aditya Birla Fashion and Retail gave up some early gains to close 7.5% higher at its best level since March 26 after Flipkart said it will buy a 7.8% stake in the company.

The Nifty Auto Index rose nearly 3%, with carmaker Maruti Suzuki up 4.3%, leading gains as well as acting as the top boost to the blue-chip Nifty 50 index.

"The market is precariously perched, fervently praying that the fiscal stimulus bill in the United States will be passed and that a torrent of liquidity will flow into global equity markets," said Ajay Bodke, chief executive officer and chief portfolio manager (PMS) at Prabhudas Lilladher in Mumbai.

Global stocks remained within a tight range on Friday, less than two weeks before the U.S. presidential election, with traders looking for a breakthrough in stimulus talks in Washington.

"For the Nifty to go beyond 12,000, the earnings momentum needs to become far stronger."

Investors were awaiting earnings reports from Nifty components Nestle India Ltd and Tech Mahindra Ltd.

Corporate results this week, dominated by consumer goods firms, have been a mixed bag, although most expected a rise in demand going forward.

Credit card company SBI Cards and Payment Services Ltd closed down 5.2%, having tumbled as much as 10% to a ten-week low, after reporting a lower profit and a sharp drop in asset quality in the September quarter.

Consumer electricals maker Crompton Greaves Consumer Electricals jumped 14.8% after a surge in second-quarter profit.

(Reporting by Chris Thomas and NR Sethuraman in Bengaluru; Editing by Shailesh Kuber)

By Chris Thomas


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BIRLA CORPORATION LIMITED -3.61% 700 End-of-day quote.14.72%
CROMPTON GREAVES CONSUMER ELECTRICALS LIMITED -1.34% 305 Delayed Quote.28.73%
NIFTY 50 -0.37% 12845.75 Delayed Quote.7.29%
SBI CARDS AND PAYMENT SERVICES LIMITED 0.01% 805.95 End-of-day quote.0.00%
SENSEX 30 -1.56% 43828.1 Real-time Quote.7.92%
TECH MAHINDRA LIMITED -1.19% 850.8 Delayed Quote.13.11%
WALMART INC. 0.31% 151.83 Delayed Quote.27.76%
All news about SBI CARDS AND PAYMENT SERVICES LIMITED
10/23Sensex, Nifty end higher; Aditya Birla Fashion surges on Flipkart deal
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10/23Indian shares end higher; Aditya Birla Fashion surges on Flipkart deal
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10/23Indian shares rise as financials gain, blue-chip earnings in focus
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10/06India appoints Dinesh Khara as chairman of State Bank of India
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08/28Banks appointment panel names official for SBI top job
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07/31SBI touts strong 'immunity' as profit surges in pandemic
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More news
Financials
Sales 2021 87 527 M 1 186 M 1 186 M
Net income 2021 11 070 M 150 M 150 M
Net Debt 2021 - - -
P/E ratio 2021 68,2x
Yield 2021 0,26%
Capitalization 758 B 10 274 M 10 267 M
Capi. / Sales 2021 8,66x
Capi. / Sales 2022 6,97x
Nbr of Employees 3 967
Free-Float 84,1%
Chart SBI CARDS AND PAYMENT SERVICES LIMITED
Duration : Period :
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
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 8
Average target price 945,43 INR
Last Close Price 805,95 INR
Spread / Highest target 29,0%
Spread / Average Target 17,3%
Spread / Lowest Target 2,36%
EPS Revisions
Managers
NameTitle
Ashwini Kumar Tewari Chief Executive Officer & Managing Director
Richhpal Singh Chief Operating Officer
Nalin Negi Chief Financial Officer
Pradeep Khurana Chief Information Officer & Executive VP
Dinesh Kumar Khara Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
SBI CARDS AND PAYMENT SERVICES LIMITED0.00%10 274
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BAJAJ FINANCE LIMITED0.00%38 970
ORIX CORPORATION-10.33%18 813
SYNCHRONY FINANCIAL-12.86%18 664