SBI Card Share Price: SBI Card shares down 0.76% as Nifty drops
A total of 24,764 shares changed hands on the counter till 12:28PM (IST).
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A total of 24,764 shares changed hands on the counter till 12:28PM (IST).
On Monday, April 29th, investors will keep a close watch on domestic stock markets as they digest March quarter...
Shares of SBI Cards and Payment Services dropped 4% to the days low of Rs 718 on Monday after the company released its Q4 results on Friday wherein an 11% year-on-year (YoY) rise in profit after tax to Rs 662 crore for the quarter ended March 2024 was reported.
KPIT Technologies shares surged 7% to Rs 1,520 on BSE after reporting a 47.3% YoY profit growth in Q4FY24, reaching Rs 164.4 crore. Revenue rose to Rs 1,317.8 crore, a 29% increase from the previous year. EBITDA margin stood at 20.7%, up 160 bps YoY.
Emkay Global Financial recommended reduce rating on SBI Cards with a target price of Rs 725 in its research report dated April 28, 2024.